Commtouch Security Number of the Month May 2013: 50% Financial Loss for Victims of Pump and Dump Spam

MCLEAN, Virginia, May 22, 2013 /PRNewswire/ --

In March 2013, pump and dump spam struck back with a force not seen since 2008. It attempts to lure email recipients into buying cheap stock with a low trading volume which the spammers previously bought at a low price. Once enough users have bought shares and the stock price has risen, the spammers sell - resulting in gains for them and losses for other buyers. In the case of a typical pump and dump campaign launched on April 19, the spammers bought the shares for as low as $0.22 and then sold them for as high as $0.40, causing the stock to plummet to $0.20. In this way, the spammers gained more than 80 percent while the victims lost up to 50 percent (estimates based on analyses of the stock during the campaign).

     (Logo: http://photos.prnewswire.com/prnh/20120501/529254 )

     (Photo: http://photos.prnewswire.com/prnh/20130522/614114-INFO )

Each month beginning in May 2013, the research team of Commtouch^® (NASDAQ: CTCH), a leading provider of Internet security technology and cloud-based services, presents the "Commtouch Security Number of the Month" - a number representing and illustrating a current issue or trend in email security.

See the attached Commtouch illustration that depicts the pump and dump spam process.

About Commtouch

Commtouch^® (NASDAQ: CTCH) is a leading provider of Internet security technology and cloud-based services for vendors and service providers, increasing the value and profitability of our customers' solutions by protecting billions of Internet transactions on a daily basis. With 12 global data centers and award-winning, patented technology, Commtouch's email, Web, and antivirus capabilities easily integrate into our customers' products and solutions, keeping safe more than 350 million end users. To learn more, visit http://www.commtouch.com.

• Blog: http://blog.commtouch.com/cafe
• Facebook: http://www.facebook.com/commtouch
• LinkedIn: http://www.linkedin.com/company/commtouch
• Twitter: @Commtouch

Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and Commtouch is a registered trademark of Commtouch. U.S. Patent No. 6,330,590 is owned by Commtouch. All other trademarks are the property of their respective owners.

Company Contact:                  
Brian Briggs, Chief Financial Officer            
Commtouch                        
+1-703-760-3444                        
[email protected]      

Israel Investor Relations Contact:
Iris Lubitch
EffectiveIR
+972-54-2528007
[email protected]

U.S. Investor Contact:
Monica Gould
The Blueshirt Group
+1-212-871-3927
[email protected]

Commtouch Media Contact:
Matthew Zintel
Zintel Public Relations
+1-281-444-1590
[email protected]

SOURCE Commtouch

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED