By Maggie Shiels
Technology reporter, BBC News, Silicon Valley
Technology reporter, BBC News, Silicon Valley
 Spam is used to boost share prices so conmen can cash in |
Scammers using the net to hype stocks are being targeted with software that can spot fraudulent trading patterns.
Many hi-tech conmen use junk mail to hype stocks so they can sell shares they own in the companies at a profit.
It has been estimated that 15% of all spam or junk e-mail is made up of messages that "pump" stocks that are later "dumped".
Developed by web giant VeriSign the anti-fraud software works by keeping an eye on real-time trading activity.
"This gives brokers a jump on the attackers and raises the bar," said Perry Tancredi, senior manager of anti-fraud services at Verisign.
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