Netizens Alerted Against Online Scams Exploiting Global Economic Crisis

As per reports published on October 25, 2008 by The Local, security experts at the leading German internet security firm, G-Data, had cautioned internet users against cyber criminals trying to exploit the worldwide financial meltdown. High volume of terrifying spam messages created in Germany to extract personal details from the netizens.

G-Data also alleged that scammers has been transmitting rising amounts of phishing and unsolicited emails over the past few weeks, since the beginning of the international financial crisis, attempting to trick online users into divulging their personal banking details. Besides, security experts at G-Data maintained that the subject lines employed by spammers had become more and more frightening and unusual.

One of the frequently employed subject line that was being circulated by spammers and was quite frightening for the recipients of the message said that starting from the very next day, €100 would be equivalent to €9.33. Meantime, subject lines frequently utilized by spammers in recent days include those inquiring about the prospective value of Allianz insurance and Deutsche Bank shares the following day in view of the ongoing financial meltdown.

According to the Head of the Security Labs at G-Data, Ralf Benzmüller, an innocent person who is following the plunging share market could be encouraged to subscribe to a newsletter for a reply - but a newsletter that demands the disclosure of personal information is of great security concern, as reported by The Local on October 25, 2008.

Moreover, the security investigators and security experts of G-Data while talking about the new internet scam relating to the worldwide financial meltdown said, that cyber crime had developed into an industry, which adjusted according to marketing conditions. Just as in the manufacturing sector, procedures are found on the distribution of labor were a usual practice within cyber criminals. The outcome is extremely prolific e-Crime groups, which had the ability to produce malware in huge volumes and attack.

Meantime, Feds has been alerting against scammers, who attract users towards allegedly legal sites before encouraging them to divulge their banking details, passwords and private data.

Related article: Netizens Receive Alerts on DHL Phishing E-mails from South Bend Police

» SPAMfighter News - 11/10/2008