95% Of All Spam Transactions Are Processed By Just 3 Banks

One way to solve the spam vendors problem is to follow the money. We spotted this today:

"However, when it comes to banking, the bottlenecks are far more severe, and switching is far more difficult. One bank alone was used to settle more than 60 percent of all transactions, and the top three banks—Azerigazbank in Azerbaijan, St Kitts & Nevis Anguilla National Bank in St Kitts &Nevis, and Danish-owned DnB Nord in Latvia—together accounted for more than 95 percent of all money paid to spam vendors. The implication is that many banks simply won't deal with spam outfits. Even when switching does occur, it's disruptive, with payment processors typically introducing delays of days or weeks for due diligence to be performed."

Statistics Source: ArsTechnica