Phishers Pick $2.8 Billion From Consumers' Pockets

Criminals running phishing scams are raking in more money than ever, with the average loss jumping fivefold in the last year and the percentage of money recovered plummeting, according to a survey published Thursday by research firm Gartner.

"Phishing e-mails are getting through, and when they do steal, phishers are getting five times the amount they did in 2005," said Gartner analyst Avivah Litan. "They're getting better, much better, at their schemes." Litan pegged the total loss to phishing in the 12 months ending Aug. 30 at a whopping $2.8 billion. Phishers Pick $2.8 Billion From Consumers' Pockets - Technology News by TechWeb

Linked by shanmuga Friday, 10th November 2006 2:46AM