The dollar value of phishing-related fraud losses are far less than commonly cited, according research firm the TowerGroup. The firm estimated the losses attributable to phishing to total $137 million in 2004. Others have pegged the U.S. consumer loss at around $500 million.
Phishing losses not so large
Add iTnews as your trusted source
Got a news tip for our journalists? Share it with us anonymously here.
Partner Content
Promoted Content
InnoEX and Hong Kong Electronics Fair (Spring Edition) will open in April 2026
Promoted Content
Targeting Maximum Competitive Advantage for Businesses
Partner Content
AI-driven attacks shrinking response window for security teams, Elastic warns
Promoted Content
From Faster Coding to Accelerated Innovation Cycles: How Intelligent Orchestration Unlocks AI's Promise
Sponsored Whitepapers
The future of resilience: AI-Driven dynamic storage
Stop Hiring Like It’s 2025: AI-Augmented Cybersecurity Performance Data Every CISO Needs
5 reasons to adopt a mobile first security strategy
Uncomplicate IT Service Delivery with AI Agents
Getting ahead of the tech: what’s next for Australian organisations in digital transformation
Melbourne Cloud & Datacenter Convention 2026
iTnews Executive Retreat - Data & AI Edition
.png&w=120&c=1&s=0)
iTnews Cloud Covered Breakfast Summit
iTnews State of Security Breakfast
The 2026 iAwards
_(1).jpg&h=140&w=231&c=1&s=0)
