Phishing for a decade: From Zero to $3 billion in 12 years

3 January, 2008 - 1:16pm

On this, the 12th anniversary of the first phishing attack it is dismaying to see phishing increasing not only in number to affecting in the US alone 3.6 million people at a cost of $3.2 billion, but also in new consumer and enterprise targets such as facebook and SaaS apps. This is precisely why we need Identity 2.0, with greater privacy and control for users online. Hopefully 2008 will see a reversal of this scary security trend, with the mainstream deployment of secure user-centric technologies such as Information Cards from identity selectors like Microsoft’s Windows CardSpace and Novell’s DigitalMe.