3.2 Billion Dollars Lost to Phishing in 2007

A survey conducted by Gartner on Monday showed that phishing attacks escalated in 2007, amounting to more than $3 Billion. Debit cards emerged as the primary target by most fraudsters.

"Phishing attacks are becoming more surreptitious and are often designed to drop malware that steals user credentials and sensitive information from consumer desktops," said Avivah Litan, vice president and distinguished analyst at Gartner.

A summary of the survey findings can be found at Slashdot .