Avalanche gang behind 66 percent of all phishing attacks

Rather amazingly, just one crime syndicate stands accused of being responsible for some two thirds of all detected phishing attacks carried out during the last six months of 2009. The so-called Avalanche gang, according to a new report by the Anti-Phishing Working Group (APWG), used highly sophisticated malware to target 40 banks and online service providers as well as vulnerable domain name registrars.