'Phishing' scams net only $500 million

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In addition, the study found that three-quarters of wired Americans have noticed an increase in phishing incidents during the past few months, with one-third saying they've receiving e-mails sent under fraudulent pretenses at least once a week. The study, sponsored by Truste, a nonprofit privacy group, and NACHA, an electronic payments association, surveyed 1,335 Internet users across the United States.

At least 70 percent of respondents to the survey, which was conducted by the Ponemon Institute, an Arizona think tank, said they had visited a spoofed Web site. About 15 percent of those people said they had parted with private data such as credit card numbers, checking account information and social security numbers. The complete article over @ News.com