New solution aims to stop phishing attacks in their tracks

We know that phishing is on the increase  and that attacks are becoming ever more sophisticated.

The Anti-Phishing Working Group (APWG) found more than 460,000 unique phishing sites in the second quarter of 2016 alone, up 61 percent over the previous quarter and almost three times the number observed in the fourth quarter of 2015.

Doamin name and threat intelligence company DomainTools is launching a new security solution that helps to prevent phishing attacks before they happen by spotting phishing domains.

Called PhishEye -- see what they've done there? -- it automates the process of identifying look-alike domains that spoof brand, product, or organization names. Using an intelligent typo and substring matching algorithm, working in conjunction with DomainTools' proprietary Domain Reputation Engine, it automates the discovery and notification of potential phishing domains very close to their actual registration time. These domains can then be entered into spam filters, firewalls, and other security systems to protect against phishing attacks.

"Phishing campaigns are fundamentally trying to trick your employees or customers, and the ‘trick’ often involves a look-alike domain and website. To build an effective phishing prevention product it helps to have a very thorough mapping of domains in DNS today as well as highly effective and timely domain discovery systems, two things DomainTools is exceedingly good at," says Tim Chen, CEO of DomainTools. "We created PhishEye for enterprises looking for a simple and effective way to automate the process of discovering phishing threats lurking on the internet well before they are activated".

You can find out more about PhishEye on the DomainTools website.

Image Credit: Maksim Kabakou / Shutterstock