eWeek Security Watch
Advertisement
Advertisement
September 9, 2010 1:39 PM

Panda Security: Fake eBay Sites Favorites for Cyber-criminals



New figures from Panda Security's anti-malware laboratory underscore how much cyber-crooks are looking to use the reputations of legitimate companies to fool victims.

According to Panda, 57,000 new Websites are created each week to exploit 375 high-profile brand names worldwide. The statistics are based on a three-month investigation by PandaLabs. Notably, eBay and Western Union-related URLs make up 44 percent of the malicious sites, the company found. Vista, Amazon, Bank of America and PayPal were heavily targeted as well.

Here is the list of the 10 brands hardest hit by scammers as reported by PandaLabs:

1. eBay - 23.21 percent
2. Western Union - 21.15 percent
3. Visa - 9.51 percent
4. United Services Automobile Association - 6.85 percent
5. HSBC - 5.98
6. Amazon - 2.42 percent
7. Bank of America - 2.29 percent
8. PayPal - 1.77 percent
9. Internal Revenue Service - 1.69 percent
10. Bendigo Bank - 1.38 percent

In terms of verticals, banks make up the majority of fake sites, representing 65 percent of the total, according to the company. Other financial institutions, such as investment funds and stockbrokers, and government organizations encompass 2.3 percent and 1.9 percent, respectively. Payment platforms such as PayPal as well as Internet service providers are in fifth and sixth place, respectively.

TrackBack

TrackBack

http://securitywatch.eweek.com/cgi-bin/mte/mt-tb.cgi/21025

Comments (1)

Great information.

Perhaps I can just add to this that the best way to guard against being ripped off by online sales or auctions of any kind, Craigslist and eBay included—and whether seller or buyer—is to use a *bona fide* online escrow company. Especially for pricier items like antiques, jewelry and autos. Although it does add some cost, it takes the uncertainty out of the transaction, and that’s a small price to pay for peace of mind.

For my money, the best bona fide online escrow (and there seems to be ten fraudulent escrow sites for every bona fide one) is probably Escrow.com (http://escrow.com). In fact, it’s the only one that eBay recommends, and is the only online escrow company that is licensed to provide escrow services all across the United States.

Take care,

Ulf Wolf

Post a Comment

 
 
RSS Syndication
Advertisement

CAG

SEO

Advertisement
Security Watch     Contact Us | Advertise | Site Map
eWEEK Quick LInks

Ziff Davis Enterprise