Societal Aspects of Phishing

The damage caused by phishing does not only apply to monetary property alone. The fragile bonds of trust that organizations build with their constituents are shattered in the process. As people lose faith in the reliability of electronic communication methods, companies lose their customer base. In...

Full description

Saved in:
Bibliographic Details
Main Authors: Ragucci, J.W., Robila, S.A.
Format: Conference Proceeding
Language:English
Subjects:
Banking
Best practices
Business communication
Computer science
Computer science education
Context
Educational programs
Electronic mail
Frequency
Marine animals
Online Access:Request full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The damage caused by phishing does not only apply to monetary property alone. The fragile bonds of trust that organizations build with their constituents are shattered in the process. As people lose faith in the reliability of electronic communication methods, companies lose their customer base. In the case disasters, people can spend billions in preparation, to analyze weaknesses and improve recovery time, only to have thrust shattered by phishing attacks. This in turn causes a significant loss in money, resources and time. In this study we review the main characteristics of phishing attacks and their impact to society. Based on current trends, we predict an increase in frequency and precision of these attacks and suggest best practices for both user and business education such that the impact is minimized.
ISSN:2158-3404
2158-3412
DOI:10.1109/ISTAS.2006.4375893