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Credit unions are increasingly becoming a target of phishing scams, according to the latest report from the Anti-phishing Working Group. Phishing is as lucrative as it is prolific. According to the latest official figures from UK payments body, APACS, phishing scams and Trojan keystroke loggers were behind UK online bank fraud totalling £12m in 2004; while BlackSpider Technologies estimates that nearly seven million phishing emails have been sent across the UK in the last month alone. Spammers are turning to the stock market in order to make money. Hordes of scammers are exploiting the Asian tsunami to prise money from email recipients, it has emerged. 419 scams and phishing attacks are being crafted to extort money from those wishing to help victims of last week’s disaster. Author JK Rowling has taken action against phishing scams by warning Harry Potter fans about the dangers of internet fraud. MasterCard International and NameProtect are donating their services to help law enforcement agencies stop online fraudsters from exploiting tsunami relief efforts. The National Hi-Tech Crime Unit has arrested 12 people for money laundering associated with phishing scams. So-called 'brand spoof' spam scams have increased almost 500 percent since January. Identity theft emails, known as phishing scams, are on the rise. A newly discovered category of fraud-based sites, which collect similar information to traditional phishing sites while promising victims a merchandise or a service, is "raising the stakes of internet scams", recent monitoring has found. Online identity theft scams, known as phishing, are taking on a new guise. Panda predicts more financial scams for 2004.