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Spam Botnet Earns Estimated $3.5 Million Annually

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A study on spam from Berkeley and UCSD came back with some pretty intriguing results. The most publicized one was that 1 in 12.5 million conversions is all it may take for spam to be profitable. Other findings show Hotmail may have the best spam filters, and that it’s likely that spambot operations are not third-party services.

Perhaps the most incredible detail of

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