Sunday, September 27, 2009

Garlik's UK Cybercrime Report 2009 Released

Facts Accentuate that it's TIME to stop Typing and Start Swiping

  • Online banking fraud losses increased by 132% from £22.6m to £52.5m. This constitutes 8.6% of the total figure of loss for 2008.

  • Cardholder-not-present (CNP) fraud loss has increased by 13% from £290.5m to £328.4m and accounts for a significant 54% of  all card fraud losses

Losses from online banking fraud have increased by a significant 132% from the previous year with losses totaling £52.5million. (£22.6million in 2007). This sharp increase can be attributed, in part, to there being 43,991 phishing websites targeting UK banks and building societies in 2008, up 171% from 25,797 in 2007. As with identity fraud in general, consumers need to increase their vigilance. Phishing sites are becoming more prevalent and increasingly sophisticated. 

1. "The HomeATM" provides banks and banking customers with a "card present" environment eliminating "Card Not Present" fraud.  

2. We eliminate phishing, because we eliminate typing.  (if consumers don't type, fraudsters can't swipe)  

We can enable banks to provide their online banking customers with a PCI 2.x certfied PIN Entry Device which allows them to access their online banking account with the same security "present"ly used to access cash from an ATM.  (sans cameras and skimmers) 

What does this mean?  The potential elimination of 62.6% of all card fraud losses!

It's Time to Secure the Online Banking Process...

In the UK more than 21.5 million people now bank online. In the U.S. it is the preferred method.  Yet it's unsafe.  In fact Gartner recently called it "dangerous."  (

Most fraud on online bank accounts involves a customer being duped into giving away their user passwords and security information via a phishing scam, or by their PC being infected with spyware designed to steal the information.

Either way, by eliminating typing, you eliminate the risks created by doing so.  It's TIME for consumers to swipe their own card details vs. the fraudsters doing so.  


This is an e-mail that purports to be from your bank or another service such as PayPal, urging you to click on a link that takes you to a fake website identical to the one you would expect to see. You are then asked to verify your personal security information. If you type in this information you are actually giving it to a fraudster.  (i.e.  when you type fraudsters swipe, but when YOU swipe, you're not their type!.


This is a type of virus (malicious software) that can be installed on your computer and run without your knowledge. It is capable of logging your keystrokes thereby capturing your passwords and other personal information. (Again, if you "swipe" there are no keystrokes to capture and malware is useless)

Editor's Question:  If your card information is going to be swiped,

wouldn't you rather be the one doing the swiping?  It's time...

URLZone, Conficker, Clampi and Zeus - Online Banking Nightmares

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  1. News results for URLZone

    The Tech Herald
    'URLzone' Botnet Steals Your Money, Carefully‎ - 6 hours ago

    The new trojan they describe is named URLZone, a botnet of about 6000 systems when they examined it. Not only does it conduct bank transactions on the ...
    PC Magazine - 80 related articles »

  2. URLZONE Enumerated Type ()

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    This enumeration contains all the predefined zones used by Microsoft® Internet Explorer. - Cached - Similar -

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  4. Microsoft Internet Explorer About: URL Zone Spoofing Vulnerability

    Microsoft Internet Explorer About: URL Zone Spoofing Vulnerability. - Cached - Similar -

  5. URLZone touted as most sophisticated banking trojan yet - SC ...

    Sep 30, 2009 ... The trojan, not only retrieves banking credentials but also steals money from compromised accounts. - 7 hours ago - Similar -

  6. bank Trojan, URLZone exploits hole in Firefox, is this a concern?

    Security firm Finjan has detected a bank Trojan, dubbed URLZone that exploits a hole in Firefox and others. Is there a concern that we as users need to know ... - 6 hours ago - Similar -

  7. Widgetbox › More On the URLZone Online Banking Trojan

    Sep 30, 2009 ... New Trojan Evades Banks' Anti-Fraud Systems - DarkReading New Trojan Evades Banks' Anti-Fraud Syste. - 6 hours ago - Similar -

  8. URLZone, A Newly Discovered Banking Trojan Rewrites History! | PIN ...

    Sep 30, 2009 ... Introducing URLZone, a NEW Banking Trojan. You know what IT does? It steals the user's online bank account log-in information, accesses your ... - 8 hours ago - Similar -

  9. URLZone and the News | PIN Debit Payments Blog

    Sep 30, 2009 ... URLZone Hits Google Search Engine Optimization and Frankly, I thought that since this is Online Banking is Weak Week on the PIN Payments ... - 15 minutes ago - Similar -

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