AntiPhish, a specific targeted research project has announced it has been awarded funding by the European Union (EU).
The AntiPhish consortium, referring to the increasingly widespread scams to fraudulently obtain information, is an acronym for Anticipatory Learning for Reliable Phishing Prevention and consists of five partners.
Established last year, the goal of the three-year project is to develop anti-phishing technologies that help to protect and secure global email and mobile messaging communication infrastructure.
AntiPhish targets the EU Information Society Technologies Sixth Framework Programme (FP6) objective aimed at scientific, technical, and industrial excellence to facilitate a global dependability and security framework to ensure security, privacy, and trust in complex communication networks and information infrastructures.
Each of the five partners will provide critical contributions to the project. The largest organisation for applied research in Europe and project coordinator, Institute for Intelligent Analysis and Information Systems (IAIS) of Fraunhofer-Gesellschaft, located in St. Augustin, Germany focuses on research on innovative systems for data analysis and information extraction.
The other contributors are Symantec, Nortel, Belgium-based KU Leuven University and Tiscali. Its aim is to develop trainable and adaptive anti-phishing filters that are not only able to identify variations of previous phishing messages, but are capable of anticipating new forms of phishing attacks.
The development of algorithms as the basis of these filters will be the responsibility of the German and Flemish academic partners, supplied by data from security vendor, Symantec. The vendor’s Global Intelligence Network will provide real-world simulation capability and Tiscali will trial new filters. Nortel will take any resulting advances to adapt them for mobile networks.
According to figures from the card payments association APACS released earlier this year, online banking fraud losses reached £23.2m in 2005 – almost double the previous year's losses of £12.2 million. It attributed these losses mainly to phishing scams, where customers are duped into disclosing personal security information.