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...but the economics of such an attack are still very different from when the same thing happened to chase.com or td.com or some other bank that had consumer ba
by gyulai 5y ago
...but the economics of such an attack are still very different from when the same thing happened to chase.com or td.com or some other bank that had consumer banking. Because you can send phishing e-mails to the general public and get a pretty good hitrate of people who happen to be in business with that bank and very much used to conducting their business with that bank through that same domain.
For GS.COM that hit-rate would be extremely small, unless you were somehow able to to reach people who are in business with GS with very high accuracy, and then the next problem you'd face is that the trust that these people put in GS.COM doesn't extend to doing any kind of business there. If you're a Norwegian oil company and you have GS handle your USD Forex forward contracts, then the way you do that kind of business is that you call somebody on the phone who works at GS, whose voice you recognize, who has likely invited you to their wedding at some point. You wouldn't expect them to send you an e-mail that put you into a web-flow on GS.COM that somehow ended up with you wiring a few million to an account number they display on-screen.
- bombcar 5y agoI'm thinking not attacking GS's customers, but using GS's name to attack others. Imagine, if you will, a crypto scam that puts their scam page on a gs.com address, and makes it appear that Goldman Sachs supports and funds the scam, thereby encouraging people to send in their money.
- gyulai 5y agoBut the thing is: GS doesn't have a reputation among the general public. 60% of people probably never even heard of them. Another 35% of people have come across them on the news somewhere and probably have negative associations with GS. GS is one of those companies that journalists just love to hate. (GS? Who is GS? ...oh yeah. Now I remember, I saw this thing on the telly. Something about secret world government and stealing food away from the mouths of starving children in Africa for personal gain, I recall). And the other 5% are likely people too smart to fall for bitcoin scams.
- eru 5y agoI suspect that's why bombcar suggested spear-phishing, not regular mass-phishing?