Previously untouched banks hit by multiple phishing attacks.

• Position: Marketing News - Brief Article

The phishing problem is no longer confined only to a handful of the largest financial institutions, according to Cyota Inc., New York, a provider of bank security software.

In the past, criminals would launch phishing attacks against an institution like Citibank and gradually increase the number of attacks, the company reported. In recent months, however, the pattern of activity has changed. Fraudsters are targeting smaller banks that had previously escaped attack--and these new victims are being hit suddenly in mass numbers. The intent of this switch is to catch some financial institutions off guard and to capture as much...