30 August, 2005 - 9:50am

A study released earlier this summer states the the number of phishing attack email recipients grew 28 percent this year, according to a Gartner Research survey of 5,000 online U.S. consumers. They found that 57 million consumers in the United States had received a phishing e-mail during the prior year.

They also stated that crimes like phishing, whereby criminals use misleading email and websites to trick people into providing personal information like passwords, amounted to a whopping $2.4 billion in fraud, or approximately $1,200 per victim, in the past year. The Gartner analyst that wrote the report, Avivah Litan recommended, "the solution is in building stronger consumer authentication tools, in order to help service providers like banks build tighter links with consumers. We need Caller ID for the Internet."

One of our developers wrote in detail on his personal blog earlier this year about how the Sxip Network can help solve the phishing problem.