Spammers raise the price of shares

Share this article:

Spammers are attempting to ramp up the value of stocks and shares by sending out bogus financial reports to traders.

Research from security firm Clearswift uncovered a large number of fake financial tips, where spammers coaxed recipients in the financial sector into purchasing particular stocks.

"It is hard to believe that spammers can influence stock market prices," said Alyn Hockey, director of research Clearswift. "But they wouldn't be sending these emails unless there was something it for them. I would advise people to be extremely dubious of any claims made in emails unless they come from a trusted source."

While pharmaceutical messages dominated Clearswift's Spam Index with 57 per cent of all spam, financial spam rose from 10.8 per cent to 26 per cent last month.

Clearswift added that the proliferation of the emails suggested new revenues for spammers, and demonstrated how vulnerable people are to the offer of quick financial gain.

The figures were taken from thousands of unsolicited emails received by the firm and spam submissions forwarded by its 20 million global users.

www.clearswift.com

 

Share this article:
close

Next Article in News

Sign up to our newsletters

More in News

EFF intros wireless router software to boost industry standard

EFF intros wireless router software to boost industry ...

This weekend, the digital rights group released a "hacker alpha" version of its Open Wireless Router software.

Breaches driving organizational security strategy, survey indicates

Breaches driving organizational security strategy, survey indicates

CyberArk interviewed 373 IT security executives and other senior management in North America, Europe and the Asia-Pacific as part of its eighth annual Global Advanced Threat Landscape survey.

Siemens industrial products impacted by four OpenSSL vulnerabilities

The vulnerabilities can be exploited remotely, and fairly easily, by an attacker to hijack sessions and crash the web server of the product.