08-06-2007, 08:09 AM
Quote:In 2005, a particularly nefarious group of phishers came to be known as the "Rock Phish Gang." The name comes from the fact that early versions of their phishing attacks included the word "rock" in the URL. The text is no longer present in their attacks, but the rock phish gang is still out there and continues to be a formidable menace to banks and other organizations...
Online fraud scams continue to grow by 15 percent per quarter, targeting financial institutions of all sizes as well as e-commerce venues. The direct cost to financial and e-commerce industries is significant -- estimated by some analysts in the billions of dollars in 2006 alone.
One type of phishing attack has been particularly effective -- the rock phish. It's estimated that rock phishing accounts for roughly half of all phishing attacks (as measured by the number of unique URLs) and, according to some, is responsible for upwards of US$100 million in fraud losses per year...
full article: http://www.crmbuyer.com/story/58648.html