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RSA Finds Phishing Led to $687M in Worldwide Loses

By: Danielle Walker, SC Magazine

Although phishing is a con trick as old as the web, attackers are maintaining astonishing success by pulling the strings of victims' emotions.

Fraudsters who can persuade victims to respond to a legitimate-looking email or click on a seemingly benevolent link have already won without even having to launch a sophisticated attack on users. This week, security firm RSA released phishing attack numbers for the first half of the year that show a 19 percent increase in global incidents over the last half of 2011.

Through the end of June, the monthly average for attacks was 32,581, amounting to more than $687 million in worldwide losses.

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