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Wednesday, July 11, 2007

Pump and dump spammers targeted by Texas and technology

Could we be on the verge of seeing the end of that spam scourge known as the pump and dump scheme? You know the drill, an email arrives urging you to invest in some little known penny stock and beat the experts to the punch. Nice one son, get your own back on those greedy stock broker types, that will teach them. Or maybe not, after all why would anyone with real insider information about cheap stock that is about to go ballistic bother telling you, a complete stranger, about it? What’s more, why would they tell a few million complete strangers about it? Surely, if it were true, they would invest everything they have and retire happy and rich.
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Co-founder of IT Security Thing Ltd, Davey Winder is a three time winner of the Information Security Journalist of the Year award (2006/2008/2010) and received the prestigious Enigma Award for his lifetime contribution to information security journalism in 2011.



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