Phishing Attacks Rising, But Dollar Losses Down

Authors:
Greg Goth
Affiliations:
-
Venue:
IEEE Security and Privacy
Year:
2005

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Abstract

New research suggests that phishing attacks, although increasing rapidly, arenýt proliferating on a wildfire basis. Instead, they might actually be controlled by a small number of criminal organizations, and dollar losses once estimated at over US$1 billion might be just above one tenth of that. However, the psychological toll phishing scams place on both service providers and end users can still cripple e-commerce.