You Could Fall Victim to a Phishing Attack
Posted by hyperguard on December 10, 2009
As stated in the OWASPs guide, phishing attacks are one of the highest visibility problems for banking and e-commerce sites because they have the potential to destroy a customer’s credit rating and livelihood. Needless to say, this is a major concern. To make matters worse, a recent report by Trusteer states that on average 12.5 users out of 1 million accidently access a phishing website, while this number may seem relatively small, it isn’t for banks. They lose about $2.4-9.4 million annually. In addition, 45% of bank customers who are redirected to a phishing site divulge their personal credentials—wow! This report proves just how important it is for banks to use a WAF.
A WAF will detect the linking of third party websites to the legit web application and initiate counter-measures. This detection can also be carried out dynamically by only blocking access once a specific number of requests have occurred.
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