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Phishing losses overestimated - survey
John Leyden, The Register 2004-12-03

Fraud losses from email phishing attacks will hit $137m globally in 2004, according to a study from research and consulting firm TowerGroup. The figure is much lower than previous estimates. For example, a September survey commissioned by TRUSTean, an online privacy non-profit organization and NACHA, an electronic payments association, put US phishing losses to date at $500m.

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