The Evolutionary Microcosm of Stock Spam

  • Authors:
  • Adam J. O'Donnell

  • Affiliations:
  • Cloudmark

  • Venue:
  • IEEE Security and Privacy
  • Year:
  • 2007

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Abstract

The most rapidly growing spam category, stock spam, doesn't advertise a product for sale nor does it provide a Web site where the recipient can purchase a product. Much like conventional spam, stock spam follows a standard format: the first half of the message announces the stock ticker with price targets, and the second half consists of a snippet of the company's recent press release. The goal isn't to motivate the recipient to use a brokerage service owned by the spammer, and rarely does it try to promote the spammer's company. Like every other email-based scam, the goal is to convince people to spend their money with little real potential for gain; unlike other scams, though, it cloaks its true nature by wrapping itself in the relative allure of financial markets.