Technology and Business Law Blog

Phishing Sites Diverts Relief Efforts

If you are sending money to help out the earthquake victims in China, be aware of where your money is really going. With online transactions making life and relief immediate, cyber thieves also have means of instant gratification by diverting the relief money to their own coffers.

It is a sad state of affairs that thousands are dying all over the world and some good hearted folks are trying to help out through monetary means and their money is not reaching the intended victims of disaster. Technology has brought convenience and easy ways to commit various forms of illegal activities with the touch of a key stroke.

This happened with the Red Cross when a  phishing sites posed themselves as a representative of the Red Cross and provided multiple bank account numbers for donors to send donations.
Though financial losses from such attacks run into millions of dollars, but it is very difficult to get accurate details on the financial loss for any single event as multiple links and multiple bank account numbers are used by the hackers for such activities. In most of the cases, phishers use e-mails for enticing prospective donors towards contributing on the sites.

May 22, 2008 - Posted by | Uncategorized |

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