Cybercriminals are making so many scam websites so fast that search engines can't keep them at bay, says a computer security company.
PandaLabs, Panda Security's antivirus developer, released a three-week study that shows 57,000 new websites that emulate popular brands appear online every week.
Banks were the biggest target, with a whopping 65% of the fake sites pretending to be legitimate banking sites. Online auction stores came in second with 27%.
The top targeted brands were eBay (23.21%), Western Union (21.15%), Visa (9.51%), the United Services Automobile Association (6.85%), HSBC (5.98%), Bank of America (2.29%), PayPal (1.77%), Internal Revenue Service (1.69%) and Bendigo Bank (1.38%).
"Although search engines are making an effort to mitigate the problem by changing indexing algorithms, they have so far been unable to offset the avalanche of new websites being created by hackers every day,” Luis Corrons, technical director of PandaLabs, told SecurityWeek.com