WASHINGTON - (03/13/06) Internet security firms werewarning banks and credit unions last week of a new techniquephishers are using to keep spoofed websites up and running even asauthorities pull the plug. In so-called smart site redirection,attackers are creating several identical copies of a spoofed site,each with a different URL, often hosted by different Internetservice providers. When phishing emails go out, all include a linkto another site, a central redirector. When thepotential victim logs on the emailed link, the rederictor checksall the phishing sites, identifies which ones have not been shutdown, and redericts the victim to that site. This allowscyber-crooks to lengthen phishing attacks after they have beendiscovered by authorities.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
8h ago -
The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
9h ago -
At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
9h ago -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
10h ago -
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
April 24 -
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
April 24