Microsoft is serious about fighting phishing

Microsoft's efforts to shut down phishers are having some impact. According to a news report, Redmond has filed 129 lawsuits abroad against alleged phishers and is working hand-in-hand with law enforcement agencies in both Europe and the Middle East. A recent court case landed a Turkey phisher behind bars for a little over two years. The economic effect of phishing is nothing to sneeze at given that one analyst firm says the malware will cause nearly $3 billion in damages this year alone.

For more on Microsoft's phishing fight:
- read the article at News.com

Related Article: How phishing is getting more sophisticated. Article