India has emerged as the fourth most targeted country by phishing attacks, receiving 3% of the total attack volume in Q3 2013. U.S. remained the top country on the chart, targeted with 53% of the total attacks.
According to Q3 2013 Fraud Report of RSA, the security division of IT storage hardware vendor EMC , $1.66 billion of losses were incurred worldwide due to phishing attacks in Q3 2013.
As per the report, RSA identified 46,119 phishing attacks in September globally with a 36% increase as compared to the month of August (33, 861). Phishing attacks in the month of September also mark the highest number of attacks in this quarter while July 2013 saw 45,232 numbers of attacks. Top countries to host these phishing attacks include US (42%), Canada (9%), Germany (5%) and UK (4%).
The report cites that number of phishing attacks recorded monthly is known to vary, and there is limited capability to forecast a trend that is so dependent on fraudster resources. Although total is often tricky to predict, some seasonal trends do repeat every year such as the holiday shopping season when a rise in phishing attacks is expected.
US Inc. incurred a loss of over $882 million followed by Germany with $294 million and UK with $133 million.