Sunday, October 11, 2009

Phishing scam arrests highlight massive problem on the Web

The massive phishing scam broken up by federal authorities this week is only a hint at what many say is an insidious and growing problem on the Internet.

Federal authorities on Wednesday indicted 53 people in the U.S on various charges related to a phishing scheme that victimized thousands of customers of two major U.S. banks. Authorities in Egypt arrested another 47 people there on the same charges.

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