Online Banking Users Still Hooked on Phishing – eWeek Security Watch

Despite the longstanding efforts of banks and the IT security community to warn end users, specifically people using online banking applications, to beware of phishing schemes, many people who open the e-mails and visiting the phony sites still end up handing over their credentials, researchers claim.

In a new paper that seeks to scope the breadth and scale of the phishing industry, experts with e-banking security software specialist Trusteer contend that while only a small percentage of all online bankers somehow end up at phishing sites (just over 1 percent), roughly half of those people end up sharing their login and password information with the scammers behind the attacks.

That may seem like a negligible number of affected users, but considering that online banking services have millions of customers around the globe, the total amount of involved losses still adds up.