E-Mail Fraud Rises, But Does It Matter?

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Sure, most of us are now well-informed enough to spot a scam when it arrives in our inbox, but the phishers/spammers are depending on the "sucker born every minute" truism. If they send out 50,000 e-mails in a day and manage to get only one or two people to fall for the scam, that's one or two bank accounts that could theoretically be cleaned out, making it a worthwhile venture even with a success rate of .00004%. The ROI ensures that the phishers will continue trying to dupe us until everyone (not just ALMOST everyone) is wise to their tricks.

Elliott of GA 9:58AM January 20, 2009

Yes, there is a 99 percent chance that was a scam.

Kimberly Palmer of 8:56PM January 18, 2009

Their was this guy trying too talk too me and said he needed help and wanted me too transfer him money I didnt send any he said he was in nigeria for business saying he cant leave the hotel without paying the bill. I have a friend who I told and said someone tried that with them too exact same thing as me so I put the 2 together and realized it was just a scam. Am I wrong about this? Was this really a scam?

Stacy of GA 10:09PM January 17, 2009

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Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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