Monday, 03 October 2005

The beginnings of putting some more bite behind the anti-phishing bark are in play. The Governor of California (you all know who he is) today signed a bill into law that makes phishing - the practice of using fake e-commerce web sites to try to trick people into submitting their personal information - punishable with civil penalties.

"Victims may seek to recover actual damages or $500,000 for each violation, depending upon which is greater. Phishing often involves the use of names of legitimate banks, retailers and financial institutions to convince recipients of bogus e-mail offers to respond."

This is a good thing, in theory. Federal anti-fraud investigations are driven - like it or not - by the dollar amount associated with the loss. If it's not $100,000 you can't expect a lot of federal action, which makes sense when you consider that there are limited resources ad you have to focus on the biggest crimes.

Only thing I want to know is this: How are we going to recover judgments from bad guys in Romania and other foreign countries? Fact of the matter is that most all phishers are not in the United States. That's something to think about.



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IT Security | Tech
Monday, 03 October 2005 06:25:30 (Pacific Standard Time, UTC-08:00)
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