The drop in spam volume is attributed to a botnet army known as Rustock going offline. Apparently it came back online on Sunday, January 12, 2011.
From the NY Times report:
The volume of spam sent by Rustock on Monday — estimated to total 19 billion messages, or approximately 28 percent of all spam — suggests that the botnet will persevere as the largest source of global spam. A smaller compatriot botnet Xarvester, which also took a vacation from spam, also resumed business on Monday, said Matt Sergeant, senior anti-spam technologist at MessageLabs, a unit of Symantec. The Lethic botnet remained dark, he said. Rustock is sending about 100,000 to 200,000 spam e-mails per second.
So, while it looked promising for a while that maybe spam was on the decline, it appears to have been a false hope, and we're back to full mailboxes.
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