The personal information is collected by the criminal for later use to commit fraud or another form of economic crime (this activity is called phishing )

In addition, as the digital divide in some countries was closing rapidly, consumers were becoming more vulnerable to such crimes as tele marketing fraud, phishing and online auction fraud.

There also continue to be reports of weapons of mass destruction in Iraq but the Iraq Survey Group has found that such reports are usually scams or result from the misidentification of materials or activities.

NEW YORK Viruses, phishing, spyware, spam, denial of service attacks, botnets You have probably heard these words, and perhaps even suffered from what they signify, with or without knowing it.

This observation represents an important codicil to Smith s vision. And it is one that George Akerlof and I explore in our new book, Phishing for Phools The Economics of Manipulation and Deception.

His reward for exposing this crime was to be imprisoned and mistreated until he died in mysterious circumstances. The Russian authorities are bizarrely continuing to prosecute him posthumously, as well as continuing to carry out the tax scams that he exposed.

It was reported that another trend in computer related crime was the combination of different criminal acts in furtherance of the same criminal enterprise (for example, the combination of phishing , the use of false identities and extortion).

Routine phishing can affect any market, but our most important observations concern financial markets timely enough, given the massive boom in the equity and real estate markets since 2009, and the turmoil in global asset markets since last month.

As for anti phishing and malware downloads, there are a number of services that track bad sites and warn users off. Users can still go where they want, but at least there are signposts warning that they are entering a dangerous neighborhood.

A phool sees isolated examples of phishing, but does not appreciate the extent of professionalism devoted to it, nor how deeply this professionalism affects lives. Sadly, a lot of us have been phools including Akerlof and me, which is why we wrote this book.

Staff reporter Cai Changchun. Legal Daily learned from the Ministry of Public Security today that a series of cross border telecommunication network scams was uncovered in an action under the command of the Ministry of Public Security entailing the police from Xiangyang, Hubei going to Malaysia, and with the cooperation of the Royal Malaysian Police. It was a fairly typical Taiwanese telecommunication network scam.