Message-Id: <2kuje3-a11.ln1@michelle.jbryce>
From: Jonathan Bryce 
Subject: Re: phishing
Newsgroups: uk.finance
Date: Tue, 14 Mar 2006 23:01:53 +0000

Andy Pandy wrote:

> The vast majority of people don't have a problem of course. It costs
> virtually nothing to send bucket loads of emails, it only takes a tiny
> minority of people to fall for the scam to make it hugely profitable,
> maybe one in ten thousand.

Apparently the response rate for most scams is about one in ten million.
But most emails - about 90% of those sent out, aren't to valid email
addresses.

> Anyway, AIUI the phishing victims aren't the real victims of this scam -
> they usually get their money back. It's the people who fall for the sister
> scam, the "payment processors" who take the transferred money and forward
> it to the scammers by some untraceable method.

That is true, and most people don't seem to realise that.