NAI plans strategy to help combat Net scams threat

DUBAI - Network Associates,Inc.,(NAI), one of the leading provider of intrusion prevention solutions, is devising a strategy to help consumers and companies combat the threat of Internet scams.

By A Staff Reporter

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Published: Tue 6 Apr 2004, 9:34 AM

Last updated: Thu 2 Apr 2015, 11:34 AM

The company's technology research division, McAfee Research has recently published 'Anti-Phishing: Best Practices for Institutions and Consumers', a white paper that outlines anti-phishing attacks and the best practices for minimizing their impact on both institutions and consumers.

Patrick Hayati, regional director of Network Associates in the Middle East, said: "We have noticed a substantial rise in incidents of 'phishing', or Internet scams involving theft of financial information across the globe. The term phishing refers to financial fraud scams, usually through spam (bulk email), that try to get enterprise users and consumers to submit their private financial information such as passwords and other identifying or security information, and use it for the fraudster's advantage.''

He also said : " Users in the Middle East are especially vulnerable to phishing. Firstly, the countries in the region have some of the highest per capital income figures in the world, making them attractive for fraudsters.

Secondly, IT awareness is not very developed as a majority of the population has only recently converted to Internet usage, and thus many not be familiar with the anti-virus, content filtering and anti-spam solutions available that can help protect them from phishing. ''

The white paper published by McAfee Research also acquaints users on how to safeguard themselves from these sophisticated forms of attack.

The company also recommends using a strong gateway anti-virus scanning device that can filter and block known phishing sites at the gateway solutions.

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