Federal Anti-Phishing Act Introduced by Sen. Patrick Leahy

The federal anti-phishing law would establish high penalties for those who set up bogus web sites and send phony emails that ask one for their personal information. The penalty could be up to 5 years in the slammer and a $250,000 fine. Most other law deals with fraud and can only be enforcfed after someone is actually defrauded. More... [Dana Baggett]