Phishing tab to reach $500 million
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.
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- Review: Identity Theft (26 August 2003)