Phishing tab to reach $500 million

Friday, 1 October 2004, 12:02 AM EST

A new study weighs in with estimates as to how much online fraud, or phishing, is costing consumers.

Seventy-six percent of consumers are experiencing an increase in spoofing and phishing incidents, researchers found, and 35 percent said they receive fake e-mails at least once a week.

The total bill thus far? US$500 million.

By Erika Morphy at CIO Today.

[ Read more ]

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