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▪ Instead, organizations must take a layered approach to reduce the number of

attacks and lessen their impact when they do occur.

▪ Network security technologies that should be implemented include email and

web security, malware protection, user behavior monitoring, and access

control.

Causes of Phishing

➢ Misleading e-mails
➢ No check of source address
➢ Limited use of digital signatures
➢ Vulnerability in browsers

➢ Lack of user awareness
➢ Vulnerability in applications
➢ No strong authentication at websites of banks and financial institutions

Effects of Phishing

➢ Internet fraud
➢ Identity theft
➢ Financial loss to the original institutions
➢ Difficulties in Law Enforcement Investigations
➢ Erosion of Public Trust in the Internet

Conclusions

➢ No single technology will completely stop phishing.
➢ However, a combination of good organization and practice, proper application
of current technologies, and improvements in security technology has potential
to drastically reduce the prevalence of phishing and the losses suffered from it.