Technology news and Jobs arrow Information Technology News arrow The phishing was good in 2007: and it's getting better
The phishing was good in 2007: and it's getting better E-mail
by Stuart Corner   
Tuesday, 18 December 2007
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.
Gartner has extrapolated the results of an online survey of 4500 US adults undertaken in August 2007 to arrive at this conclusion, and says the number of victims represents a 50 percent increase on the previous year. Of consumers who received phishing e-mails in 2007, 3.3 percent said they lost money because of the attack, compared with 2.3 percent who lost money in 2006, and 2.9 percent who did so in 2005.

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.

 
< Next story in category   Previous story in the category >
iTWire user statistics Visitors last 30 days
694,279
Subscribers 15,210
#1 independent technology news advertise here
  •   *  
  • Search
  • AdvSeach
  • Login
  • Events
  • FreeStuff

- Advertisement -

Featured Whitepapers

Follow iTWire on Twitter

About iTWire

iTWire is all about technology news, information, jobs and community for the IT and telecommunications industry professional. Subscribe to our free ICT daily newsletter