Phishing: Crime That Pays

Provided by: University of Alabama
Topic: Security
Format: PDF
Email phishing requires functional countermeasures, as does any crime those results in millions of dollars in yearly losses. Many financial institutions currently combat phishing by contracting takedown companies that remove relevant phishing websites as soon as possible after they are detected. By comparing the median time necessary for professionals to take a phishing website down to the average time it takes for a phishing website to turn a profit for its creator, the author have demonstrated the overall effectiveness of the takedown process. On average, takedown companies fail to eradicate phishing websites before their creators garner valuable information from multiple victims.

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