More than 10 million new pieces of malware were recorded in the second half of 2010 by one of the companies participating in the international reporting efforts of the APWG.
Trade group reports new tactics, blames spear-phishing for corporate breaches.
A major international antiphishing coalition said online payments services continue to be the favorite target of phishing fraudsters.
Financial institutions are not alone. A leading cyberfraud watchdog group said that social networking, online classifieds and online gaming industries are increasingly the focus of phishing gangs out looking for personal account information.