Prosecutors have apparently convinced someone who set up a phishing scam targeting MSN users to plead guilty for scamming people out of about $57,000. It's good to see prosecutors going after phishing scammers, but this story still raises a few questions. First off, this appears to be a lone phishing attempt by one guy. Many of the more sophisticated phishing scams are actually being run by organized crime groups, making it a lot more difficult to track down those actually responsible. It's good that officials (with the help of Microsoft) can track down the individual scammers, but it's really a tiny tiny dent in the problem. However, what's even more interesting is that the investigation started in September of 2003, but took until June of 2004 to shut this guy down. While it's good that they investigated carefully (enough to get this guy to plead guilty), that's still an awfully long time when the site was up and potentially scamming more people.
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