Last week saw the Internet’s biggest-ever spam surge in a single day, and also offered a lesson on why “pump and dump” stock-market spam campaigns have become so prevalent, according to Postini.The campaign was an example of the recent trend of junk e-mail using PDF attachments as a way of getting around spam filters. But Postini said the surge marked the biggest increase in spam it had ever recorded, boosting total spam volumes 445 percent in a one-day period at its peak on Thursday morning.Sophos Labs, which also detected the spam surge beginning on Tuesday, said it intercepted about 500 million PDF spams advertising shares in a particular target company.The massive size of the campaign is unusual, according to Sophos Labs Director Mark Harris. “To date, the trend has been for smaller campaigns that rapidly evolve and modify themselves to try to get round anti-spam products,” he said on the Sophos blog. The campaign had tailed off by Thursday but didn’t disappear—rather, it continued to mutate over the weekend, Sophos said.In the meantime, the campaign appeared to have another notable effect, in that the company targeted a small Florida-based firm called Prime Time Group involved in wireless and retail interests, and as of Thursday afternoon actually saw its share price rise 84 percent from its Monday value, before plummeting again. In response, Prime Time was forced to issue a statement avowing it had nothing to do with the campaign, and even ordered a Non Objecting Beneficial Owners list to track down investors who violated stock-market regulations during the course of the share price fluctuations.Harris said the spam’s effect on Prime Time’s share price shows how such campaigns play on human nature. He noted that many of those who buy into the stock advertised are not necessarily fooled by the campaign, but simply want to get in on the profits that might be generated by the “pump and dump” scam.“While recipients of this type of spam continue to try and profit on these ’tips’ stock, spam will continue,” Harris wrote.— Matthew Broersma, Techworld.com Related content brandpost How an integrated platform approach improves OT security By Richard Springer Sep 26, 2023 5 mins Security news Teachers urged to enter schoolgirls into UK’s flagship cybersecurity contest CyberFirst Girls aims to introduce girls to cybersecurity, increase diversity, and address the much-maligned skills shortage in the sector. By Michael Hill Sep 26, 2023 4 mins Back to School Education Industry IT Training news CREST, IASME to deliver UK NCSC’s Cyber Incident Exercising scheme CIE scheme aims to help organisations find quality service providers that can advise and support them in practising cyber incident response plans. By Michael Hill Sep 26, 2023 3 mins IT Governance Frameworks Incident Response Data and Information Security news Baffle releases encryption solution to secure data for generative AI Solution uses the advanced encryption standard algorithm to encrypt sensitive data throughout the generative AI pipeline. By Michael Hill Sep 26, 2023 3 mins Encryption Generative AI Data and Information Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe