Emerging Phishing Trends and Effectiveness of the Anti-Phishing Landing Page

Each month, more attacks are launched with the aim of making web users believe that they are communicating with a trusted entity which compels them to share their personal, financial information. Phishing costs Internet users billions of dollars every year. Researchers at Carnegie Mellon University (CMU) created an anti-phishing landing page supported by Anti-Phishing Working Group (APWG) with the aim to train users on how to prevent themselves from phishing attacks. It is used by financial institutions, phish site take down vendors, government organizations, and online merchants. When a potential victim clicks on a phishing link that has been taken down, he / she is redirected to the landing page. In this paper, we present the comparative analysis on two datasets that we obtained from APWG's landing page log files; one, from September 7, 2008 - November 11, 2009, and other from January 1, 2014 - April 30, 2014. We found that the landing page has been successful in training users against phishing. Forty six percent users clicked lesser number of phishing URLs from January 2014 to April 2014 which shows that training from the landing page helped users not to fall for phishing attacks. Our analysis shows that phishers have started to modify their techniques by creating more legitimate looking URLs and buying large number of domains to increase their activity. We observed that phishers are exploiting ICANN accredited registrars to launch their attacks even after strict surveillance. We saw that phishers are trying to exploit free subdomain registration services to carry out attacks. In this paper, we also compared the phishing e-mails used by phishers to lure victims in 2008 and 2014. We found that the phishing e-mails have changed considerably over time. Phishers have adopted new techniques like sending promotional e-mails and emotionally targeting users in clicking phishing URLs

International service transactions: Is time a trade barrier in a connected world?

The firms' international fragmentation of production has recently widened its focus from outsourcing of intermediates to off-shoring of business services such as software program development and international call centre networks. Although a large number of business services are intangible and non-storable, gravity model estimates show that geographical distance between business partners is still relevant even when information and communication technologies (ICT) provide alternatives for face-to-face interaction. It has recently been argued that time zones can be a driving force of international service transactions by allowing for continuously operating over a 24 hours business day. In this paper, we find empirical evidence for the continuity effect in trade of business and commercial services which is even higher for trade with Non-OECD countries and robust to measurement and sample size. We show that the time zone effect in trading business services is dependent on the level of ICT infrastructure.international trade, business services, gravity model, distance, time zones, digital divide