Monday, July 2, 2007

Pump-and-Dump dumped?

Email and Internet content security provider Marshal announced that <A HREF="http://www.eweek.com/article2/0,1895,2151221,00.asp?kc=EWKNLEND062907STR4">"pump-and-dump"spam has dropped significantly</A>, though not all security vendors agree.

Marshal researchers say stock spam now represents five percent of all spam as compared with 50 percent in February. During the past quarter, the amount of pump-and-dump spam, a type of financial fraud involving the artificial inflation of a stock's price so it can be sold at a higher value, has averaged around 30 percent of all spam messages.

However, in the past four weeks, the Marshal Threat Research and Content Engineering team saw the volume of stock spam drop to 5.1 percent, the lowest point it has seen in 10 months.

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