Phishing Attacks Surge Amid Recession

A new Gartner study shows the downturn has brought on a new wave of Web scams, with PayPal, eBay, and BofA customers the biggest targets for fraud

The latest evidence that economic woe is leaving more Americans vulnerable to Internet fraud came from an Apr. 14 report from Gartner. More than 5 million U.S. consumers lost money to phishing attacks in the 12 months ending in September 2008, a 39.8% increase from a year earlier, according to the new Gartner (IT) study. "Phishers are preying on the bad economy," says Avivah Litan, a security analyst at Gartner.

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