Microsoft lawsuits reeling in alleged phishers | CNET News.com

Microsoft lawsuits reeling in alleged phishers | CNET News.com
Microsoft’s antiphishing initiative in Europe and the Middle has led to the filing of 129 lawsuits in the eight months since it began, the company said Wednesday.

Phishing has mushroomed over the last few years, with the number of attempts to trick citizens into handing over their bank or credit card account details almost doubling in the first half of 2006 to 157,000, according to a recent report from security software vendor Symantec.
One court case in Turkey has already led to a two-and-a-half year prison sentence for a phisher in Turkey, and another four cases against teenagers have been settled out of court, as a result of the Microsoft’s Global Phishing Enforcement Initiative launched in March.

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