China Phishing Skyrockets

223 phishing sites were reported in 2004 according to a new report.

Many of the sites spoofed are financial institutions like the Bank of China. China has laws that are ineffective at dealing with the problem and the complicated Chinese network is difficult to police according to this article.

In a related story, pharming or the use of malicious code that modifies host files to point regularly accessed sites to fraudulent sites is also rising quickly.

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