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The phishing was good in 2007: and it's getting better
Information Technology News
The phishing was good in 2007: and it's getting better | The phishing was good in 2007: and it's getting better |
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| by Stuart Corner | |
| Tuesday, 18 December 2007 | |
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Research firm Gartner estimates that some 3.6 million US citizens lost a record $US3.2 billion to phishers in the 12 months to August 2007, with debit cards the favourite target.
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Gartner predicts that phishing and malware attacks will continue to increase through 2009 "because it's still a lucrative business for the perpetrators, and advertising networks will be used to deliver up to 30 percent of malware that lands on consumer desktops." It says there is no easy way out of this dilemma unless e-mail providers have incentives to invest in solutions to keep phishing e-mails from reaching consumers in the first place, and unless advertising networks and other 'infection point' providers have incentives to keep malware from being planted on their Web sites to reach unsuspecting consumers. The average dollar loss per incident declined to $US886 from $US1,244 lost on average in 2006 (with a median loss of $US200 in 2007. The good news was that recovery levels increased. Some 1.6 million adults recovered about 64 percent of their losses in 2007, up from the 54 percent that 1.5 million adults recovered in 2006. According to the survey, of those consumers who lost money to phishing attacks, 47 percent said a debit or cheque card had been the payment method used when they lost money or had unauthorised charges made on their accounts. This was followed by 32 percent of respondents who listed a credit card as the payment method, and 24 percent who listed a bank account as the method (multiple responses were allowed). PayPal and eBay continue to be the most-spoofed brands. |
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