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Internet fraudsters will try to exploit the global financial crisis by sending fraudulent emails purporting to offer cash-strapped consumers new mortgages, loans or money from failed banks, a Microsoft executive said on Wednesday.
Tim Cranton, an Internet safety expert at Microsoft, said there are early signs that criminals have already begun trying to cash in on the economic turmoil.
"It's especially troubling right now with the financial crisis," he told Reuters in a telephone interview. "There are more and more people who are maybe in a more desperate or vulnerable situation. "We have seen an increase in some mortgage refinance type of scams. We are anticipating that they'll become more sophisticated.
The Microsoft Lottery Fraud [microsoft.com] isn't really new. I've seen variations of this for years in spam. It is about time that they've taken a stand on this and provided some good information to consumers.
Most have very strong email scanning software installed, the web-based ones already have very strong filters. And also the mindset of people - I mean so many advertisements are done to stay away from phishing mails - but still people fall trap. WHY?
[edited by: DilipShaw at 8:12 am (utc) on Oct. 30, 2008]
Part of me wants the servers (centers) to scan for these scams and put them in the bit bucket. The better part of me says hands off and let me determine my future (so to speak).
We don't want management, kiddies. We truly don't because that is only one step away from 1984.
29% of people give CREDIT CARD DETAILS to CRIMINALS? (Assuming spam sent from a botnet, and assuming botnet assembled by illicit means).
Presumably including address (for delivery) and CV2 (for Customer not present transaction). Surely this statistic is wrong. I can't imagine there are that many stupid people- and credit card fraud, while obviously a problem, should be MUCH higer if literally millions of people gave card details out to anyone who asked.