Leading European antivirus vendor Panda Software has pledged its support behind the Anti-Phishing Working Group, which was established by industry leaders to stem the growing tide of phishing and email spoofing attacks. The group shares information about the problem and is promoting the development of industry standards to fight back.

"Phishing frauds are getting more and more common and it would not be an exaggeration to say that they are one of the main threats faced by users when they browse the Internet or use email," said Luis Corrons, Head of PandaLabs at Panda Software. "In fact, the consequences of falling victim to one of these scams are disastrous, as they affect both personal and corporate finances."