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Windows 7: Phishing Attack Targets Merchant Accounts

18 Nov 2010   #1
Borg 386

Win 7 32 Home Premium, Win 7 64 Pro, Win 8.1 Pro
Phishing Attack Targets Merchant Accounts

As the Holiday season starts out, phishers and scammers have wasted no time in their quest for financial gain.

The best rules that apply to a safe holiday online shopping season are: Be cautious, make sure your AV/Spyware defs are up to date, and the most powerful weapon...common sense. (If it's too good to be true, it most likely is)

Also, if you want to avoid putting your credit card on the net, click the "contact us" button, find the phone number & order the item by phone. I do this whenever I can. Just one less instance of me having to send my card number across the net.

The point of many phishing scams is to gain access to bank or credit account information for financial gain. So, it makes sense to target users or accounts with the highest odds of containing substantial amounts of money. That explains a new phishing attack reported by AppRiver which takes aim at customers of Global Payments.
Touchette describes how the phishing attack works as well. "These attacks arrive in email form, as is often the case, pretending to be from Global Payments, stating the usual "Your account has been blocked due to unusual activity". As is also usual, the email asks the recipients to click on the link provided and log-in to their accounts to correct the situation. Once victims provide the false sites with their credentials, they then give the attackers full access to their accounts."
NOTE: Companies may or may not send you an E Mail if your account has been compromised. Some do, some don't. In any instance of such an E mail claiming to be from the business, contact the business (preferably by phone) and verify they did indeed send out a warning. Do NOT click on any links in the letter or send an E mail to the "contact us if you have any questions" address that is attached to the suspect E Mail. This will likely go to the scammers E Box, to which they will, of course reply "'s really us". And then they will add your E Mail to a list of ones proven to exist, meaning more attempts at phishing your accounts as well as spam.

More importantly, though, a successful compromise from this phishing scam provides the attackers with the information necessary to access the merchant services account, and possibly much more sensitive data. Touchette says, "This attack carries a much larger weight than an attack against an individual as access to merchant processing accounts could lead to the breach of information and transaction details of all of the credit card holders that had done business with the Global Payments account holder. This could also lead to a major dent in the reputation of the company who was phished as the breach was disclosed."
Read more:

Phishing Attack Targets Merchant Accounts - PCWorld Business Center

The best sense is common sense. Remember, there's no such thing as being "too paranoid or cautious" when it comes to dealing with the net.

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 Phishing Attack Targets Merchant Accounts

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