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Spammers hoping to manipulate the stock market have begun approaching firms, offering to raise their share price in exchange for a percentage fee.
Security experts at Sophos say they have uncovered an e-mail offering a free one-day trial to company bosses.
So-called "pump-and-dump" spam asks recipients to buy cheap shares, which then rise in value, making money for spammers who already hold stock.
Sophos says the scam has grown from 0.8% to 15% of spam since early 2005.
Recent research by academics in the UK and the US into share spamming revealed that recipients of spam e-mails could lose 8% of their investment in just two days.
Conversely, spammers who already hold stock in the companies they "pump" could see a return of between 4.9% and 6% for their efforts.