Have you been caught by ‘Phishing’ fraud lately? Phishing is a term used for a type of fraud that targets users passwords and login details by acting as a fake website which has been elaborately set up in order to collect personal information from you.

A recent Symantec Internet Security Threat Report conducted over the second half of 2007 has found 87,963 ‘phishing hosts’ running rampant during that period. This figure has increased by 167% since the early part of 2007.

“We’re starting to see the area mature significantly,” said Symantec Australia managing director Craig Scroggie.

“People are employing programmers dedicated to the production of those threats,”

“Russia was implicated in the widespread distribution of malicious code over the last couple of years. That dropped off in 2007″ “But they have recently re-emerged in China.”

Read more at theage.com.au