Global phishing scam rumbled

They say a little knowledge is a bad thing. In that sense, a lot of knowledge coupled with naiveté is even worse. Four teenagers with startling computing skills and equally startling lack of common sense have been arrested for helping an international phishing syndicate steal millions. They had apparently perfected a subtle and highly effective method by which they stole passwords. Instead of requiring the user to actually send his confidential details anywhere, something most street-smart users are unlikely to do, a Trojan Horse program loads in the background the moment any link is or advertisement is clicked on.

This program silently records all the keystrokes made by the user while typing in his or her password on a legitimate banking website, so it is as good as visiting a fraudulent website. Indeed, one wonders why these young teenagers should allow so much talent to go to utter waste.
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Tsunami Aid: 'Phishing' For Donations

Whoever said that disasters bring out the best and worst in Man could not have been more right. In light of the recent tsunami disaster in South Asia, millions of Samaritans all over the world are doing what they can to alleviate the suffering of those hit. But the dark side of Man has also reared its ugly head. A phishing scam has been floating around in the form of a plea to donate to a children’s fund. The diabolical thing about this scheme is that not only will good-natured not think twice about donating, but they are also unlikely to take the trouble to check if the genuine beneficiary has received the money.

At least it is possible to tell that you have been scammed if you do not receive something you paid for. In this case, however, what you think is giving an orphaned child a second chance at life could be another dollar in a vile phisher’s pocket.
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Phishing without even clicking a link

Just when you thought it was possible to educate people on the dangers of replying to possible “phishy” emails, a new type of email has been detected which does not even require this. The moment the email is opened, replying to or deleting the email makes no difference as the damage is done straightaway.

The perpetrator integrates a program into the email and it works silently in the background. The next time the user visits a visit legitimate website to make online transactions, the malicious program immediately redirects the unsuspecting user to a similar looking fraudulent phishing website. By the time you realize what has happened, it is far, far too late.
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Woman Falls $50,000 Short Of Being Duped By Nigerian Scam

Everyone has dreams of making it big in life. There is nothing wrong with aiming to become rich but the moment one decides to take shortcuts, things are likely to go wrong. Moreover, there are lots of people out there who would exploit this particular aspect of human nature. A lady in Brunei was fooled into believing that she was entitled to tens of millions of US dollars.

This was because she got an email saying that she was "lucky enough to share the same surname with a rich man who had died without having a single known heir to the fortune". Too good to be true? It was. She was lucky not to have made a further loss of $50000 on top of all her losses.
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