Phishing Scams Rise as Banks Fail

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As the economic crisis appears to peak, more banks will fail. This has experts predicting that new phishing scams will arise targeted at the customers of those banks, and the agencies helping those customers may be actually encouraging such attacks. For example, IceSave, the British arm of an Icelandic bank, failed last week, cutting off over 200,000 customers from their deposits. The UK Financial Services Compensation Scheme is coordinating refunds for those affected.

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