Stock Spammers Look To Expand Service Aspect Of Their Business
from the poised-for-big-gains dept
It was hardly surprising when a recent study pointed out that stock spam was pretty good at the old pump-n-dump scam, as enough suckers buy stock based on the messages to instigate a quick rise in the shares of companies they advertise. While oftentimes it's simply just spammers trying to drive up prices for their own benefit, a security company says it's now caught wind of spammers trying to drum up business by offering their services to companies, charging 30% of whatever profits they make based on the spam campaign. Unsurprisingly, the spammers advertise via spam, and promise to double share prices and increase trading volume tenfold. Given that there are still plenty of people gullible enough to buy stocks based on these spam messages, it seems pretty likely the spammers will find plenty of companies willing to break the law and take them up on their services. Many people already look at penny stocks with a skeptical eye; this sort of news doesn't do much to help the credibility of companies trading over the counter.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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If its really that bad
So where to drum up the funds to pay the spammer... Ooh, I'll just sell some music on MySpace that I didn't have a license to redistribute.
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Spammers still going strong.....
...Lots of email certification companies have arisen due to the spam problem (such as Sender Score Certified). I heard even AOL is is going this route. But basically it means that people who want to send bulk email, but want to actually make it into people's inboxes will go through an application process where they get reviewed and then have to pay for this service. At first I was skeptical of this solution but if companies are really going to USE spammers to try to make a profit, I'm starting to think that maybe it isn't such a bad idea after all.
But still, I can't help but think that this is a just a temporary solution and that the real problems lies in those who fall for such scams. Obviously spammers are still in "business" because people are still falling for this stuff. People need to be more accountable and start taking necessary action to protect themselves. It's' ridiculous to think that people are still falling for this stuff.
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Stock Spam Getting Through Cloudmark
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Re: Stock Spam Getting Through Cloudmark
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Re: Stock Spam Getting Through Cloudmark
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Birth rate
You have an X amount of newbie computer users constantly coming on the computing scene without any prior knowledge of anything related to spam or knowing very little or anything about computers.
These newly born computer users whether they're 13 or 113 years of age are the targets of these spams. They only need a small percentage of takers to be hooked by the spam.
This is what the spammers are after.
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Who are these losers?
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My Boss
I had to explain how doing such things is illegal on multiple levels and then shook my head and wondered why the morons are always in charge of companies.
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Why Not
Spammers will not continue to send spam to addresses that bounce. It's a waste of their time and time is money.
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