According to Kaspersky Lab, about 39.6 million users faced phishing attacks in 2013, an increase of 2.32 per cent from the previous year.
Phishing involves sending emails purporting to be from reputable firms to unsuspecting individuals and also corporate entities to influence them in revealing personal and financial information like passwords, credit card numbers, etc.
India (4.08 per cent) ranked sixth after the US (30.8 per cent), Russia (11.2 per cent), Germany (9.32 per cent), Japan (6.24 per cent) and the UK (5.2 per cent).
Over 31 per cent of phishing attacks in 2013 were targeted at financial institutions with 22.2 per cent of these attacks involving fake bank websites.
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The report found that 59.5 per cent of banking phishing attacks exploited the names of just 25 international banks, while the rest used the names of over 1,000 other banks.
"Spammers are becoming more intelligent in masking their messages under the garb of offering something genuine to the recipients - be it Valentine's day discount or news about Ukraine, etc," Kaspersky Lab Managing Director South Asia Altaf Halde said.
"With the number of threat vectors increasing alarmingly along with the rise of cybercriminal activities, it is imperative that Internet users in India protect themselves. The government should also initiate spam laws that will deter spammers from making India their safe haven," he added.