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+-   Phishing is a minimum wage job on Tuesday January 06 2009, @12:19PM rohitm918

Submitted by rohitm918 on Tuesday January 06 2009, @12:19PM
security
rohitm918 writes "Study by Microsoft concludes that phishers make very little: "low-skill jobs pay like low-skill jobs, whether the activity is legal or not."
They also find that the Gartner numbers that everyone quotes ($3.2bn/year etc) are rubbish.

"Even though it harvests 'free money,' phishing generates total revenue equal
to the total costs incurred by the actors. Each participant earns, on average, only as much as
he would have made in the opportunities he gave up elsewhere. As the total phishing effort increases the
total phishing revenue declines: the harder individual phishers try the worse their collective situation gets.
As a consequence, increasing effort is a sign of failure rather than success."

http://research.microsoft.com/en-us/um/people/cormac/Papers/PhishingAsTragedy.pdf"
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