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Spanish Cyberfraud Has Gone Through the Roof The average sum stolen through online fraud has grown to 6,383 euros	By Marius Oiaga, Technology News Editor 27th of July 2006, 11:16 GMT Adjust text size:


Victor Domingo, president of the Internet Users Association, has made public statistics concerning the evolution of the online fraud phenomenon in Spain. According to his metrics, the Iberian Peninsula provides a propitious environment for cybercrime, as this is reported to have grown in excess of 50% in the past four months. These figures have advanced Spain to the third position of a global ranking related to online fraud. Statistics indicate that just in 2005 Spanish financial institution were targeted by no less than 206 phishing attacks while in the span of the past 18 months security companies have identified an estimated 500 Websites disguised as legitimate banks or online financial services providers in order to generate phishing scams. Domingo's report also stated that bot infections are on the rise as shown by the previous year's tendencies. In this regard it seems that the volume of such malware threats has increased by 175% from 2004 to 2005. The statistics also point to the fact that the vast majority of detected malware was being used in cybercrime, 70% of all malicious threats being represented by spyware, bots, keyllogers, sniffers and backdoors. While 2,514 complaints were registered in Spain related to online crimes, and while the average sum stolen through online fraud has grown to 6,383 euros, the Spanish government is still to take measures to control this epidemic. The metrics also point out that ISPs bare some of the responsibility for online fraud as they implement lax security measures allowing their clients to be put at risk.

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