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The Web: Phishing rattles consumers

Capitalists fret that corporate profits will decline because of phishing scams.

CHICAGO -- Consumer confidence in the security of online financial services has declined considerably, in response to continual reports of identity theft and phishing scams, experts told UPI's The Web.

"There's been a loss of trust in the channel, but not in specific brands," said Bruce Cundiff, a research analyst with Javelin Strategy & Research in Pleasanton, Calif., producer of a new report called "Phishing: Consumer Awareness and Behavior." By Gene Koprowski

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