PayPal CSO: Phishing Threat Overstated

"Financially, phishing is not a terribly significant problem for us, in fact, it's not even in the top five" threats that could cause losses at the financial services company, Barrett said in an interview here earlier today. "In fact, I suspect that many of the published figures on phishing's impact are significantly overestimated, probably by an order of magnitude."

PayPal is not taking the phishing threat lightly, however. Barrett estimates that as much as a third of his average day is spent focusing on phishing-related security issues, but it is important to keep the threat in context. "For us, the danger from ordinary credit card fraud is significantly greater," he says. "It's not as sexy as phishing, but that's the reality." Dark Reading - Desktop Security - PayPal CSO: Phishing Threat Overstated - Security News Analysis

Linked by shanmuga Saturday, 10th February 2007 7:43AM