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
brian.briggs@commtouch.com
Israel Investor
Relations Contact:
Iris Lubitch
EffectiveIR
+972-54-2528007
iris@EffectiveIR.co.il
U.S. Investor Contact:
Monica Gould
The Blueshirt Group
+1-212-871-3927
monica@blueshirtgroup.com
Commtouch Media Contact:
Matthew Zintel
Zintel Public Relations
+1-281-444-1590
matthew.zintel@zintelpr.com
SOURCE Commtouch