from the only-a-matter-of-time dept.
flaws writes "A CNN story details how phishers are using Internet Phones to expand their identity theft endeavors. The article demonstrates the use of caller-id spoofing to companies such as Western Union to thwart their verification system and successfully launder money. Western Union commented on the situation, stating at this time it's the only way they know how to authenticate the call. The anti-phishing working group states that telecommunications abuse is being used to fool home users into revealing their bank information over the phone."
"The fundamental principle of science, the definition almost, is this: the
sole test of the validity of any idea is experiment."
-- Richard P. Feynman