If It's Not .Bank, It's Not Safe

Law360, New York (June 7, 2011, 2:40 PM EDT) -- It's an all too common scenario. An unsuspecting Internet user opens an email with a link to a website spoofing that of a leading financial institution. The user is asked to input personal information such as bank credentials or social security numbers and in a matter of seconds the user becomes the victim of a phishing scam and is left to deal with the financial and emotional fallout stemming from the identity theft.

Phishing scams accounted for nearly 70 percent of all Internet fraud in the second quarter of 2010, and the financial services industry remains the prime target. Gartner Group...

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