Get Phishing

Phishing is thriving according to testimony give to the House of Lords parliamentary committee this week.

The FSA reported that UK incidents of phishing scams have grown 8,000 per cent over the last two years, Between January and June 2005, 312 phishing incidents were recorded, a figure that climbed to 5,059 for the first half of 2006, according to figures from Apacs.

An estimated £23.2m was stolen from UK online bank accounts using email scams in the first half of 2006, with a slight decreases in losses to £22.5m for the second half of the year.