Black Frog - the botnets keep coming

Robert Boyle robert at
Thu May 25 15:46:37 UTC 2006

At 11:33 AM 5/25/2006, you wrote:
>Citation on the $1M/day, please? (I'm sure the *aggregate* take is well
>over that, but what *single entity* is seeing that magnitude losses?)

Although we all see lots of attempts at phishing and it gets lots of 
press coverage, it is very small compared to regular credit card and 
bank fraud which happens all the time. According to a study which I 
recently read (I wish I could remember where) phishing accounts for 
less than 1-2% of all banking and credit card fraud in the US.


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