Sunday, March 06, 2005

Phishy, Phishy, Where are You..dum de da dum de dum

Senate Democrat Introduces Phishing Bill

By Brian Krebs Staff Writer
Tuesday, March 1, 2005; 5:43 PM

A senior Senate Democrat on Tuesday introduced legislation to impose tough penalties against persons convicted of launching "phishing" scams -- a form of online fraud in which criminals use deception to trick computer users into giving up their personal and financial information.

The Anti-Phishing Act of 2005, sponsored by Sen. Patrick J. Leahy (Vt.), would allow prosecutors to impose fines of up to $250,000 and jail terms of up to five years against anyone convicted of creating fake corporate Web sites and fraudulent e-mail messages designed to fleece consumers. The legislation would prevent online parodies and political speech from being prosecuted as phishing.

View the whole article here.....

No comments: