Cyberguard Security Expert Warns Of Sophisticated New Holiday Phishing Scam

Bracknell, UK. – (November 30, 2004) – It’s not only traffic around the shops that’s on the rise this holiday season, but Internet traffic from scammers is also on the increase according to a security expert from CyberGuard Corporation (Nasdaq:CGFW), a provider of proven, intelligent security solutions that protect business-critical assets for Global 2,000 organizations and government entities worldwide.

Citing reports from the Anti-Phishing Working Group (APWG) that indicate a 100 percent increase in the number of phishing sites between September and October 2004, Paul Henry, a senior vice president at CyberGuard, states, “Between 80 and 100 new phishing Web sites are starting up daily. Scammers are getting much more sophisticated and they are harder for a user to detect.”

Urging people to beware of e-mails offering holiday deals that seem too good to be true, Henry adds that consumers should be on guard against a particularly nasty new phishing scam this holiday season. While many common phishing cons involve fake e-mails from banks or other financial interests that lead individuals to fake bank sites, Henry warns consumers to take care when buying holiday gifts online this year because scammers are using fake e-commerce sites.

Henry explains how it works: When people search on the Internet for items they want to buy and click on a link, they are directed to a legitimate looking Web page and instructed to “Click here to download images” of what they want to buy. What they can end up downloading is a self-extracting zip file that installs a Trojan on their PC. Trojans can then redirect links to legitimate financial institutions to fraudulent Web sites allowing the scammer to harvest the user’s credentials.

“If it looks too good to be true,” says Henry, “it probably is. Don’t let the Grinch steal your Christmas.”

Dr. Horst Joepen, CEO of CyberGuard’s Webwasher subsidiary, says that enterprise customers using the newest versions of Webwasher Content Security Management (CSM) have built-in defense against this type of attack. “Proactive filtering technology, which is included in CSM 5.1, protects users from Trojans.”

Paul Henry, CISSP, is an authority on information security trends. A frequent speaker and presenter at information security conferences around the world, Henry has published numerous articles and white papers and is the author of the chapter on firewalls in the Information Security Management Handbook.

About CyberGuard Corporation

CyberGuard Corporation (Nasdaq:CGFW) provides proven, intelligent, security solutions that protect business-critical information assets of Global 2,000 companies and government entities worldwide. The company’s firewall/VPN, Total Stream Protection(tm), Global Command Center(tm) and Webwasher(r) product suites comprise a comprehensive, integrated security system, which offers highly adaptive, scalable solutions that intelligently guard against network intrusion and content-based vulnerabilities, detecting and eliminating security threats in real-time for performance optimization. CyberGuard has deployed more than 250,000 products in companies around the world to maintain the health and integrity of their enterprises. Headquartered near Boca Raton, Florida, the company has branch offices and training centers around the globe and can be located on the World Wide Web at www.cyberguard.com.

Forward-Looking Statement

This press release contains forward-looking statements that involve certain risks, uncertainties and factors, including without limitation, those described in the Company’s filings with the Securities and Exchange Commission that may cause the Company’s future actual results to materially differ from the Company’s current expectations. The Company assumes no obligation to update any forward-looking statements.

CyberGuard(r) and Webwasher(r) are registered trademarks and Total Stream Protection(tm) and Global Command Center(tm) are trademarks of CyberGuard Corporation. All other trademarks are property of their respective owners.




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