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NEWS - November 10, 2006

Gartner: Targeted phishing attacks target the rich

Fiona Raisbeck Nov 10 2006 15:09
Fraudsters are targeting phishing attacks at high wage-earners to steal large sums of money, according to new research.

The report, released yesterday by Gartner, shows cybercriminals are identifying wealthy targets, who are more likely to make transactions on the internet. People earning more than $100,000 per year are attacked more often than those receiving less money, according to the research.

On average, high earning people lost $4,362 in phishing scams - almost four times more than other victims, according to the findings.

The study found that the number of phishing attacks has doubled since 2004, with 109 million adults in the United States alone receiving a phishing email, up from 57 million two years ago. Financial losses from phishing scams this year have risen to about $2.8 billion - twice the amount lost in 2004.

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Reporting: NEWS - November 10, 2006
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