The Cost of Phishing Hits $1.2 Billion

Gartner: E-mail quality in general continues to decline.

The cost of "phishing" for U.S. Banks and credit card issuers last year was $1.2 billion, according to a new Gartner Research study.

Gartner said 57 million Americans received a "phished" e-mail last year, with 76 percent of the attacks have occurring in the last 6 months.

The Gartner survey was based on a limited study of only 5,000 individuals.

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