Phishers find India

Posted by: Bruce Einhorn on February 22, 2007

As readers of this blog can attest, lots of Indians are keenly competitive with the Chinese. But there’s one industry where Indians have been happy to lag behind China – Internet fraud. For years, China has been a top source of spam and phishing sites, afflicting not just Chinese but Net users worldwide. (See this story, for instance, that I did the other day for BW Online on the Chinese spam problem.) In comparison, India has been blissfully free of Internet fraudsters. No longer, though. According to this story in the Financial Express, fraud artists are waking up to India’s potential. Three percent of the world’s phishing sites now come from India. The numbers are still small, but the trend isn’t good, reports the Financial Express: “Consider this: just 12 months ago, India’s share of hosting such dubious sites was next to nothing.” The bad news is that India has gotten to 3% at a time when broadband penetration rates remain very low. One reason that China is so vulnerable to Internet fraud is the popularity of high-speed – but loosely protected - Internet access. As broadband starts to catch on in India, this might be one industry where Indians close the gap with the Chinese fast.

Reader Comments

kalyan

February 26, 2007 11:39 AM

Why doesn't Businessweek fire this sick man. I am not sure if any one is seeing what I am seeing. This is not the way I would like some journalist to write his/her article with so little info, but good enough to stir up the minds of thousand's of viewer's. I am sure, most of us are here to get some qualitative analysis of a specific subject with a systematic appraoch.

chandra

April 9, 2007 4:49 PM

If you want quality news go to news websites not to this waste blog by this chinese man.

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Bloomberg Businessweek’s team of Asia reporters brings you the latest insights on business, politics, technology and culture from some of the world’s biggest and fastest-growing economies.

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