Banking / Finance News -
Source: ComputerWeekly
Banks, online payment organizations and other financial institutions are bearing most of the financial cost of phishing attacks, according to research firm Gartner.
A survey of nearly 4,000 US consumers revealed a 40% increase in the number of phishing victims in 2008 over the year before to five million.
The average loss was $350 per phishing attack, but consumers said they had recovered 56% of their losses from the financial institutions involved.
"The findings underline the fact that the war against phishing is far from over," said Avivah Litan, analyst at Gartner.
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