Years ago, phishing used to be like fishing at least in respect to the preparation and the patience required for the fisherman to catch something. Nowadays, phishing is like fishing with dynamite, very effective and entirely efficiency centered. After discussing the economics of spamming -- within the posts's comments -- I emphasized on the fact that both the underground's economy supply of goods and the phishing ecosystem, are entirely based on the cooperating among spammers, phishers and malware authors, and so is the rise of the DIY phishing kits. I recently came across a very good analysis conducted by Cloudmark with a huge sample of phishing emails to draw conclusions out of. The Economy of Phishing - A Survey of the Operations of the Phishing Market :
remains online, but also, third-party researchers such as Richard Clayton and Tyler Moore at the Security Research Computer Laboratory, University of Cambridge with some recently released research notes. It's one thing to consider the daily reality of malware and phishing pages hosted on infected home users' PCs, another to see malicious parties offering fast-flux networks on demand while vendors are figuring out how to timely shut down the pages, but totally out of the blue to see such a party -- the always on malicious service is ironically down -- offering phishing hosting and spam sending in between child porn and zoofilia hosting.