Magazine article Security Management

Dynamiting Phishers

Magazine article Security Management

Dynamiting Phishers

Article excerpt

A financial services research organization has launched a new initiative to address the phishing problems that have been plaguing the sector. The three-phase project, to be conducted with the collaboration of other industry groups, will first look at technical requirements for counterphishing solutions and consider and test plans. The second phase will be used to implement pilots, assess results, and provide recommendations for the most promising solutions. The third and final phase will be dedicated to implementing these recommendations.

The initiative is the brainchild of the Financial Services Technology Consortium (FSTC), which comprises banks, financial services firms, universities, government agencies, national laboratories, and industry partners. The group will work with other organizations with similar focuses, such as the Anti-Phishing Working Group (APWG) and BITS (formerly called the Banking Industry Technology Secretariat).

Phase 1 of the project, estimated to be completed around spring 2005, includes a registry of current and known phishing threats, vulnerabilities, and attack models; a comprehensive inventory of available solution sets; a taxonomy of phishing; and a compendium of proposals to test and evaluate potential solutions. …

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