Researcher describes how the phishing economy works

Monday, 1 August 2005, 2:26 PM EST

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.

[ Read more ]




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