Spammers increase pump-and-dump scams

Friday, 7 July 2006, 11:40 AM EST

The spammers purchase cheap shares (which artificially raises the stock price) and sell them off as victim investment raises their value further.

Internet security analyst firm Sophoslabs calls the spam technique a "stock, pump and dump campaign" and said it accounts for about 15%of all spam, up 5% from last year.

At Computerworld.

[ Read more ]




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