TABLE OF CONTENTS In this appendix we squeeze in some of the aspects of phishing that present us with the fact that the future of phishing is only going to get worse, not better. The good guys battle, prompted by education to combat phishing, will be thwarted by malware specifically designed to be clandestine and steal data from the client. This malware provides no obvious advertisement of compromise; not only is the client unaware, but usually the target institution will not know the impact of the malware until it s too late.
This appendix also dives into the process of phishers moving the money, also known as cashing out. This is the secret behind a phisher s success, since it is the most difficult phase of the operation and their persistent attempts are not always rewarding. Combine all this with telephony exploitation using Voice over IP (VoIP) technology, and we ll see well-armed phishers ready to let loose and make their money.
At the bottom of phishing mayhem, the obvious motivation is centered on money. As we all know, phishing attacks are overwhelming multiple financial institutions, but they are targets for more than simply stealing customer logins: One very well-known feature of online banking is the money transfer or wire transfer. Companies such as Wells Fargo, Bank of America, PayPal, e-gold, and the like help customers send money to other accounts. Phishers will continue to attack these systems for a good while as long as they keep succeeding.
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