Thursday, November 5, 2009

What if the e-mail says s-i-p-c?

There is a bill pending as part of the Investor Protection Act (section 508) that would require ISP’s to block content where scammers are posing as SIPC Members. Ask anyone that has tried to block scam e-mails or web sites, and they will tell you long sad stories about the impracticality of this exercise. And here is a news flash for the House – the e-mails and web sites you are attempting to block here, do not always clearly state SIPC member, or “we are a fraudulent site". They can use any number of tricks to hide the content from scanning including images that aren’t named “SIPC fraudulent logo.bmp” and HTTPS connections. Judges have already thrown out prior requirements of this type looking for porn. What’s next – using a BBB seal without rights? Wouldn’t it be better to solve the broader problem of consumer protection instead of looking at one type of fraud? The last I checked, check fraud was still the most prevalent fraud in America.

Story follows from cnet
http://news.cnet.com/8301-13578_3-10390779-38.html

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