The number of brands exploited by online con artists grew to a record 154 in July, according to a report from the Anti-Phishing Working Group.
The marriage between electronic mail spoofing and social engineering has resulted in a new, malicious tactic dubbed 'spear phishing', which security experts say can diminish users' trust in e-mail.
The rise in online identity fraud has companies on the hook: Either educate customers or lose them.
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