Entries with tag website misuse.

Study: Closed US Bank Websites Abused

Websites that were once used by US banks for customer service have fallen into the hands of cybercriminals, spammers, and virus writers, according to a newly released study. The sites’ domains became available primarily when banks declined to renew them, or the institutions were purchased or closed, according to the study by Southern Methodist University and the University of Cambridge. An estimated 3,200 US banks have shut down in the last 10 years. Hackers are using the former sites of about 1,000 of them to exploiting their residual good reputation to distribute spam or malware, or skew search results. Hackers have even used some as fake online pharmacies or to promote porn sites. To prevent this abuse, the researchers say, banking regulators should police abandoned domains and require failed banks to place their domains in escrow accounts as part of the closure process. (BBC)(University of Cambridge)

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