Friday, January 09, 2009

Profits from Phishing Are Way Down

Once a popular and easy way to commit cybertheft, phishing isn't bringing home the bacon as it once did, according to a recently released study by two researchers at Microsoft.

Put in more down-to-earth terms by SearchSecurity, phishing has become a commodity with too many players in the market driving down prices. The amount of work and the cost of setting up a phishing site now outweigh the money made from selling the stolen credentials in the cyberunderworld.

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