Gartner puts phishing tab at $3.2 billion

Summary:More than $3 billion was lost due to phishing attacks in 2007, according to a survey conducted by Gartner. For the 12 months ending in Aug.

More than $3 billion was lost due to phishing attacks in 2007, according to a survey conducted by Gartner.

For the 12 months ending in Aug. 2007, 3.6 million adults lost $3.2 billion due to phishing attacks. About 2.3 million people were hit with phishing attacks in 2006.

A few takeaways from the survey, which surveyed more than 4,500 adults in August.

  • The average dollar loss per incident was $866 in 2007, down from $1,244 in 2006. That sum was diluted by more victims.

  • On the bright side, 1.6 million people recovered about 64 percent of their losses in 2007. That's up from 54 percent in 2006.

  • PayPal and eBay are the most spoofed brands.

  • Phishers are increasingly after debit cards. Among those hit with a phishing attack, 47 percent said they had used a debit card.

  • 11 percent of folks online don't use any security software. Another 45 percent only use what they can get for free.

  • The success rate is improving: 3.3 percent of consumers who got phishing emails in 2007 lost money. In 2006, that rate was 2.3 percent.

My advice: Learn to spell. Because phishers can't.

Topics: Security, CXO, IT Priorities

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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