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The Terrifying Math of Phishing

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by Daniel J. Solove

Although we are seeing increasingly more sophisticated attempts at phishing, it appears as though many phishers still haven’t been able to get their hands on a program with spell check.  Why are we still seeing the $10 million lottery winning emails?  Or the long lost relative of yours living in Fiji who is leaving you $4 million?

A recent article explains that for the phishers, it is all a numbers game:

“So, if 97 per cent of phishing attempts are unsuccessful, why is it such a large issue? Because there are 156 million phishing emails sent worldwide daily. . . . Of the 156 million phishing emails sent daily, 16 million get through filters. Another eight million are opened by recipients. 800,000 click on the link provided, and 80,000 provide the information requested.”

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