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You are here: Home > Legal > Identity Theft > Phone verification fights phishing |
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Top Articles - Phone verification fights phishing
Phishing (http://en.wikipedia.org/wiki/Phishing) is a kind of fraudulent activity focused on theft of private information. Such crimes are generally based on differe According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product nt methods of Social engineering (http://en.wikipedia.org/wiki/Social_engineering_(computer_security) ). In general, cyberfraudsters create web pages that imitate we ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in bsites of real financial organizations, banks or other companies, intercept genuine users and direct them to bogus websites that look and feel exactly like original lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. website. The number of phishing-attacks grows fast in spite of security developing companies efforts to low it. RSASECURITY issues monthly phishing-attacks reports here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe which can be found at company official website http://www.rsasecurity.com/phishing_reports.asp. The big problem is that victims hide the statistics as the fact of su d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro cessful phishing-attack is a serious threat for the company reputation. The classic phishing-attack looks as follows. Let's assume that a fraudster decided to captu ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc re confidential data that gives access to the account management zone on X bank website. Fraudster needs to entice a victim to a false website that represents a copy easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi of X bank site. It is done in order to make victim enter his/her private data thinking that he/she is actually using real bank website. As a result fraudster gets f nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically ull access to victim's account management. Protecting yourself from phishing attacks is a difficult task that requires combined approach. It is often necessary to r and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ eexamine the existent client work scheme and complicate the authorization process. As a result client is subjected to additional inconvenience and company spends a l ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi t of money to protect itself. That is why companies usually don't follow this way. Reliable, widespread and cheap verification which is easy to use is the key factor ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a in phishing-attacks prevention. The most effective verification that in fact protects from phishing attacks is automated telephone verification. There is a couple dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod of Service Providers such as ProveOut.com that offer inexpensive, simple in integration and at the same time effective solution - verification via telephone. Verific cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin ation is processed instantly without the need for an operator. Let's examine what would happen if telephone verification was used in the phishing attack described a tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen bove. One single step must be added to the authorization procedure at bank's website: phone call to previously stored customer's phone number. As soon as customer e t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel ters correct login and password information, bank sends a request with customer's phone number and a randomly selected code to Service Provider. Service Provider mak ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust es a call to user's phone number, dictates the code passed by the bank to the user and then hangs up. User then enters provided code in corresponding field and proce y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products eds to restricted access area. For the calls' processing Service Providers use VoIP technology that allows to keep the cost of a single verification call low. In ca . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de se call's cost to specific destinations will be considered to be too high phone verification service can be used selectively e.g. a verification call can be initiate elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip d only in case of account operations. Phishing will no longer be effective for such site as an additional security measure is used - automated telephone verification tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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