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Phishers Target the Royal Bank

By Jim Bruene on June 15, 2004 4:22 PM

Phishers struck another blow to the banking system when they demonstrated that they no longer need rely on random blanket emailing blasts. Case in point: within 24 hours of a real systems glitch at Royal Bank, the email thieves sent a massive fraudulent email playing off the legitimate systems outage.

One can only hope that this particular theft didn't enrich the thieves. Otherwise you have a situation where there is an incentive for a thief to create havoc with a bank's systems and then cash in through a well-timed phishing fraud.

Read more on the prevention of phishing at Online Banking Report (subscription required).

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