Researcher describes how the phishing economy works
The economics of phishing is free market theories in action -- pure supply and demand -- a researcher said Friday in explaining his recently-released paper about the inner workings of Internet scammers.
"Phishing economies are self-organized merchants and consumers governed only by the laws of supply and demand," said Christopher Abad, a research scientist with Cloudmark, a San Francisco-based spam filtering service provider.
By Gregg Keizer at InformationWeek.
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