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June 28, 2005
Phishing costs reach $1 billion in the US
Posted by Arieanna Foley
Messaging Pipeline reports that phishing has cost the US nearly $1 billion - and this is only direct costs associated with lost funds from banking schemes. It does not include any of the costs in combatting phishing, hard costs to the banks, or any of the soft costs from all this hassle. The rate of incidence has gone up significantly this last year.
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