2006 FRAUD REPORT - SUMMARY OF FINDINGS

1. The Bank of America has recently released its 2006 Online Fraud Report. Here is a summary of the findings:
   
   --Eight in ten Americans use the internet to conduct financial transactions.
   --66% of consumers are very worried about giving out personal information to a fake website or having hackers steal financial information from their computer.
   --87% feel confident in their ability to recognize fake email – but 61% of them failed to correctly identity real or legitimate email.
   --58% of the survey was vulnerable to using phishing websites because they relayed on logos and symbols as cues for the legitimacy of the website. Padlock symbols were frequently cited as indicators of a safe site.
   --Over 80% of consumers know not to open unsolicited emails without the proper security software and caution. However 80% of consumers do not practice most key security measures.
   
   The full report may be found at:
   www.staysafeonline.info/news/onlinefraudreportfinal.pdf