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How Phishers Think, Act, and Make a Profit 133

whitehartstag writes with a write up of "the excellent session at Black Hat that detailed 'how phishers create sites, share info and code, and basically are lazy.' They store their stolen data 'on websites that they have hacked into, or on [publically available] sites like guestbooks. And even worse, they are not protecting their stolen data ... which means that all one needs to do to find this info is to reverse engineer a real phisher's website, look at their PHP script, and find out where they are storing the data.'"

There is very little future in being right when your boss is wrong.