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There has been a "massive rise" in the number of phishing attacks during the first part of 2008, a new report has warned.
A study published by online agency NetNames has released data which suggests that between December and February there has been a 70 per cent increase in the number of phishing attacks.
It highlighted that financial institutions' identities continue to be exploited as cybercrooks aim to trick consumers into parting with their bank details or other personal information.
Jonathan Robinson, chief operating officer of NetNames, said that phishing stopped being the focus of online security, leading fraudsters to increase their efforts.
"Consumers must be aware of this renewed and increasing threat and make sure that they never give out personal details over email," he warned.
Furthermore, to protect their own reputations, businesses must make their clients aware of the threat, Mr Robinson added.
The Anti-Phishing Working Group urges consumers to be wary of emails which contain urgent demands for personal financial information.
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