The Sport Of Spear Phishing: A Popular Sporting Event To Some, A Life Altering Scam To Others

1771 words - 7 pages

Introduction
Cyber crime is something that has become part of today’s cyberspace culture and it is a steadily growing threat on the rise. Trusteer” a Boston-based computer security company recently published a report titled “Measuring the Effectiveness of In-the-Wild Phishing Attacks”. Based on Trusteer’s calculations they concluded that the loss per every successfully compromised online banking account is approximately $2,000 which is equivalent to $9.4M per year per each one million customers. These numbers specifically address financial damages caused by the Computer-Based Crime methodology known as “Spear Phishing”.
This cyber crime is a security threat that not only affects businesses, but also everyone that has access to the World Wide Web whether it is via computer, laptop, smart phone or notepad. In order to achieve a successful breach, criminal masterminds often attempt to illegally gain access to the business through multiple targets while combining them with vulnerability tools via web access, e-mail, and even social engineering. In the recent breach to the retail store Target Inc. it was discovered that over 110 million consumers’ credit cards and personal information were exposed to attackers. Several months earlier, programs with malware-laced email phishing codes were sent to Target employees via an HVAC firm which could have been the culprit that infected Target’s point-of-sale systems. According to Fox Business, the attackers used the information gathered and gained access to additional network resources which led to the $200M breach and left the cyber door wide open to future infiltration.
Rest assured that there are many other cyber crime attack methods that can be employed but, this paper will specifically address the different methods and reasons behind spear phishing, what can be attributed to its success and what to do in order to prevent this type of attack.

Spear Phishing Definition
The Federal Bureau of Investigation (FBI) and the Anti-Phishing Working Group (APWG) uses angling sport as an analogy to describe and explain spear phishing. It is a technique that scamming cyber criminals and cyber con artists use to fraudulently and deceitfully obtain user information through “spoofed” (hoax) e-mail spam appearing to come from a legitimate originator or website. It then lures their victims to fraudulent websites and fish for information from the sea of probed users.
Methodology
Following this analogy, spear phishing is an intentional criminal act designed to phish out a specific group or pre-identified target that may have something in common (i.e. working in a specific company or banking with the same institution), deceive the recipients by gaining their trust and believing that these legitimate looking e-mails are coming from a reliable source. Once this is achieved, the user unknowingly accesses the e-mails and is then redirected to a counterfeit website. This is where the user eventually is hooked and conned...

Find Another Essay On The Sport of Spear Phishing: A Popular Sporting Event to Some, A Life Altering Scam to Others

Leadership Is a Way to Change the Minds of Others

930 words - 4 pages must exhibit high levels of courage with a willingness to listen to others in order to collect and analyze information” (Fry, 2004). Trait theory is the theory that a leader can be either born or made if they are made with certain qualities such as intelligence, responsibilities, and ethics. Behavioral theory leaders are categorized by task and people. There are some leaders who prioritize tasks and strive to meet deadlines and then there are some

Hosting a Major Sport Event Essay

996 words - 4 pages Introduction: Sports events are becoming popular to the world, Therefore many countries are competing to host a major sport event like the Olympics and the world cup. This report is divided into three parts; first part is about the selection procedure, second part describes the advantages and finally the disadvantages. Selection procedure: Two of the biggest sport events worldwide are the Olympics and the world cup whereas both of the events

Parents, teachers, and others often use some form of punishment with children. Does it work? What would be the best ways to change a child’s behaviour

1961 words - 8 pages retain control of their child’s behaviour. However, some argue that because the punishment is relatively lenient, the child may perform the behaviour again in the future. Physical punishment however does have many proven negative effects on children in the future, such as onslaught violence or assault towards others. Also a child that was formerly physically punished, is more likely to persist and physically punish their child in the future which

Have you been a victim of phishing?

2230 words - 9 pages Have you been a victim of phishing? Many words have been added to the English language from the birth of the Internet. Some of these words have been created from the basis of something in existence and others do not seem to be related at all. The resent topic in the Internet world is phishing, a new type of identity theft that is done directly over the Internet without its victims knowing they are being misled. This issue has been

"Callgate" / "Kerala Solar Scam": Part 4 - Some Politicians Were Linked to the Scammers

1276 words - 6 pages for the ashram if it had been registered as a trust. Biju had added that he would need र1.5 lakh to meet ministers in the capital for the release of funds to the ashram. Next, the duo set up a centre named ‘Saffron Consultants and Event Management' and distributed leaflets detailing their services. On February 15, the ashram was registered as a trust. Then the couple took the yogi to Thiruvananthapuram to invite Kodiyeri Balakrishnan, then

The California Gold Rush of 1849: A Dream For Some, A Nightmare For Others

1124 words - 5 pages Many people spend their whole lives trying to make money and become rich. One imagines a lifestyle where they do not have to work to provide for their families and they can enjoy the finer things in life. Some may go to great lengths to find this source of richness, even if this involves packing up and moving far away. Many people found a way to make this dream of being rich a reality on January 24, 1848. While constructing a sawmill for John

A Life Changing Event

794 words - 3 pages for three years. By the age of nineteen I got the black built, which is the highest and the last built; in addition, I became a professional Taekwondo player, and a person that no one want to mess with. That event had a huge impact on my life, which changed it forever. Some of the changes are good and helped me to find myself; however, sometimes that event hunts me in my dreams.

A Life Changing Event

1068 words - 4 pages “A Life Changing Event” There are many events that stand out in my life that were significant and helped me grow stronger. One of these events stands out in particular to me and had the greatest impact in my life. When I attended high school my focus was never on the academics but only on sports and having fun with my friends. I never payed attention for more than five seconds and failed to complete any type of work given to me. My lack of

Some critics have claimed that the structure of 'The Winter's Tale;(William Shakespeare) is clumsy, others have claimed it to be a masterpiece of skilful construction. What are your views?

2214 words - 9 pages Shakespeare wrote 'The Winter's Tale' when he was nearing the end of his life, and as a result of this it contains many different underlying themes which he wants his audience to consider. In order for these morals/ themes to be presented convincingly, the play must be constructed to integrate them in a natural way. Some critics feel that this effect is not achieved, such as Sir Arthur Quiller-Couch- 'If we really prefer this sort of thing

A Life Changing Event

659 words - 3 pages Surname 1Name:Taylor Snead Snead 1ENGL 1101 (Simmons)Narrative EssayJune 17, 2014A Life Changing EventEverybody has had a share of his or her bad experiences, but the events that took place two years ago in my hometown completely haunt me to this day. It was a relatively chilly day in Utah and my best friend Jake, and I had just come from a jog 7 miles away from the City Square. We had to stop at an old antique shop across the street where I was

Studying in a Foreign Country: A Life Altering Experience Full of Gifts

1089 words - 4 pages matured them personally and intellectually” (“Study Abroad Student Guide”). For most, this is their first time out of the U.S. and even their home state. So, it’s understandable why it would help this area of life for them. It’s their first step of living on their own, so what better way to practice being on their own and test their limits buy going abroad. They’re taking on the world first hand and, “learning how to maneuver in a new city, with

Similar Essays

Genetic Altering: The Power To Change A Life

746 words - 3 pages percent chance of passing on their genetic defect to their child ( Lee 29). The capability to alter the fatal glitches in DNA may prove to eliminate genetic disorders all together. If genetic testing before birth became as commonplace as an ultra sound, genetic disorders would never pass on to future generations and, therefore, no children would have to live a life of agony in dealing with a genetic disorder.Genetic altering in the right hands

Participating In A Sporting Event/Process Analysis

566 words - 2 pages one's physical state along with their mental state. Massages provide relaxation while placing one's mind in a meditative state. Doing these things will require some discipline, but will also complete your preparation for the sport.Preparing to participate in a sporting event requires hard work and determination. An athlete should learn the fundamentals of the sport, prepare the body physically, and prepare the mind mentally, in order to participate

Dediction To A Sport Essay

771 words - 4 pages . After the first few months, my coaches noticed my potential to be a star, and asked my mother and I if I could start training to become a competitive gymnast. I agreed! Of course, I had a love for the sport from the very beginning but little did I know that my commitment to this sport would play such a key role in shaping who I am. Dedication plays a big part in regards to my success. Few people understand what commitment to be a competitive

The Significance Of Sporting Event Rituals

1067 words - 4 pages into a more complete, balanced whole” (Durkheim, in Allan, 2013, p. 133). Over two-hundred people attended the sporting event. Social solidarity began to emerge as both males and females from different races, ages, and economic classes were at the event. Collective consciousness according to Durkheim “takes on a life and reality of its own and independently influences human thought, emotion, and behavior, particularly in response to high levels