Gone Phishing?

Zastrossi writes "According to the Anti-Phishing Working Group, phishing sites--the practice of making sites that look and act like popular sites such as banks in order to steal personal information from customers--rose from 543 sites in September to 1,142 sites in October. Gartner reports that phishing scams cost banks and credit-card companies $10.2 billion."

Comments

10.2 Billion is a stunning number.

[Concern]

If anyone believes this, it justifies fairly extraordinary investment to combat it. When you are talking billions then enormous infrastructure projects are possible. For instance, imagine the kind of systematic surveillance activity that could be mounted on the internet with a multi-billion dollar budget.