Organizations, especially financial service organizations like credit unions, face the same threat as individuals from scammers who want to steal their most precious commodity, their names and all connected identifiable information.
Tim Helming, director of product management at Seattle-based DomainTools pointed out the financial services industry is highly susceptible to phishing attacks. "Not surprisingly, FinServ domains—or more accurately, the assets and customer information they represent–are a motherlode for hackers."
DomainTools' research revealed how high-profile financial institutions are caught up in phishing scams via spoof domains set up by criminals. For example, in just one day, over 180 fake and malicious websites/email addresses were associated with Bank of America and Wells Fargo.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
