p2pnet - rss feed: eBay, Paypal scam spam
p2pnet.net news:- A significant portion of the tons of scam spam flooding email boxes everywhere is supposedly from eBay or Paypal.
In fact, according to security researcher Michael Sutton, they’re the two most common brands targeted by phishers, “together accounting for more than half of all phishing activity,” says CNET News.
It’s everywhere and the proliferation is worrying eBay ceo Meg Whitman, she told a Visa security conference, says the story.
Additional safeguards and educational campaigns are needed, “to prevent consumers from falling prey to phony requests for their sensitive information - or simply getting annoyed and canceling their eBay accounts,” she says, states CNET.
In eBay’s early days, 8% of its merchandise was Beanie Baby collectible toys, but it’s now selling diamond rings every three minutes, cars every minute, and digital cameras every 30 seconds, she said, stating, “We wouldn’t have a $6 billion business today if we had not been able to work trust into that system. I know from my own experience at eBay that building and maintaining trust with customers is much easier than trying to get it back once it’s lost.”
To phase phishers, eBay and PayPal and Microsoft have developed a blacklist of fake sites; the two companies are also currently signing all of their e-mails with domain key signing; and, they’re encouraging the use of a Paypal key fob that generates a unique security code, to be used in combination with the user’s password, every 30 seconds.
Also See:
CNET News - eBay CEO: Phishers threaten user trust, March 8, 2007
key fob - New PayPal security tool, January 13, 2007
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Tired of being treated like a criminal? They depend on you, not the other way around. Don’t buy their ‘product’. Do bug your local politicians. Use emails, snail-mail, phone calls, faxes, IM, stop them in the street, blog. And if you’re into organizing, organize petitions, organize demonstrations and then turn up on your local political rep’s doorstep, making sure you’ve contacted your local tv/radio station/newspaper in advance. Don’t just complain. Do something!
