by December 9, 2011 0 comments











RSA, The Security Division of EMC, has released its
findings on phishing attacks in H1 2011 and estimates that India Inc
has lost $27.8mn in H1 2011 alone. A majority of these were targeted
phishing attacks aimed at leveraging known brands in fake emails that
attempt to fool email recipients. RSA has also ranked India as the
third most targeted country for phishing attacks after the US and UK.

Further, in the same period, RSA established that
the US, UK and India made up approximately 51% of the attacks with
approximate losses pegged at $268.9mn. In its October Fraud report,
RSA had estimated that the worldwide losses from phishing attacks
alone amounted to over $520 million during H1 2011.

Top 10 countries
phishing attack findings

Sr.

no


Country


Country’s No. of Attacks


Countries’ Total Losses (*15.3 hours * $300)


Change in phishing attack since H2 2010

1

USA

38619

177,260,345

-3%

2

UK

13922

63,902,632

-15%

3

India

6053

27,783,753

+3%

4

Australia

5085

23,338,353

+3%

5

Canada

4600

21,115,652

+2%

6

Italy

3632

16,670,252

0

7

Brazil

3511

16,114,577

+3%

8

France

3087

14,169,714

+2%

9


United Arab Emirates

3027

13,891,877

+2%

10

China

2240

10,279,989

-5%

Note: According to RSA’s estimates, the
average uptime for a phishing attack is 15.3 hours, costing $300 per
hour that an attack is live.


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