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Phishing and Pharming fined with 5 years and $250,000

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Fri, 03/04/2005 - 19:10 — Christoph C. Cemper

US Democrat Patrick Leahy, has introduced a new federal anti-phishing bill that would impose jail terms up to five years and fines up to $250,000 for criminals creating fake web site designed to con consumers in to giving them their personal information… I guess with the government acting that fast, this must be a REAL threat to the economy… I get some 10-20 phishing mails PASSING THROUGH my spam filters… with 50-60 or more (didn't count them) DAILY...

Quote:

"Some phishers can be prosecuted under wire fraud or identity theft statutes, but often these prosecutions take place only after someone has been defrauded – that leaves plenty of time to cover their tracks. Traditional wire fraud and identity theft statutes are not sufficient to respond to phishing." said Leahy in a statement regarding the Anti-Phishing Act of 2005.

"Neither phishing nor pharming always fit neatly into traditional wire fraud and identity theft statutes," said Leahy in explaining why the new legislation was necessary. "We need to act aggressively to keep them from eroding the public's trust in online commerce and communication."

Phishers Face Jail Time Under New U.S. Bill

Oh – and if your are currios about what's Pharming – a rather new term to describe the next stage of phishing via DNS spoof and such large range attacks, consider reading up here:

The most frightening point with Pharming is, that it doesn't even needs the user to click on some url in a crap mail, but even puts him on the mal-site when he enters it via www.bankname.com :-/

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