Phishing Continues Meteoric Rise

Phishing continues to show off the chart growth, with few signs of slowing down, according to two market studies published this week.

The number of U.S. adults who have received phishing emails has nearly doubled since 2004, from 57 million to 109 million, according to a study from Gartner Inc. released yesterday. Financial losses stemming from phishing attacks have risen to more than $2.8 billion, the research firm says.

A separate report issued earlier this week by the U.K.'s Association of Payment and Clearing Services (APACS) confirms Gartner's conclusions. In the U.K., the number of reported phishing incidents has skyrocketed from 312 in the first half of 2005 to 5,059 in the first half of 2006. Dark Reading - Desktop Security - Phishing Continues Meteoric Rise - Security News Analysis

Linked by shanmuga Monday, 13th November 2006 6:38AM