It Figures

$3.2 Billion

Amount lost in the United States due to phishing attacks, according to a recent survey conducted by Gartner Inc., an information technology research and advisory company. The survey found that 3.6 million adults lost money in phishing attacks in the 12 months ending in August 2007, as compared with the 2.3 million who did so the year before. Of consumers who received phishing e-mails in 2007, 3.3 percent say they lost money because of the attack, compared with 2.3 percent who lost money in 2006, and 2.9 percent who did so in 2005.

$524 Million

Amount in group administrative fees paid since 1997 through the California State Compensation Insurance Fund’s Group Associations Program. According to their contracts, group associations are to provide safety services to their members and are paid an administrative fee for the services. Yet in many instances, little to no safety services, or other services, were provided to the members of the associations being paid these administrative fees, according to a critical report of SCIF issued by the Department of Insurance.

Topics Cyber