NiceNic.net put out a report that looked at phishing activity in China, very few .cn sites are involved in phishing and surprisingly there was a decent number of .pw sites being used.
Anti-Phishing Alliance of China(APAC) announced “December 2013 Anti-Phishing Sites Brief Report”.
According to the report:
APAC totally dealt with 168,835 phishing sites over the years and in Dec 2013, 5,681.
Below please find some diagrams and statistical data:
– See more at: http://nicenic.net/news/messview.php?ID=12796#sthash.T1sykyhc.dpuf
The chart below shows that .pw came in number 2 by extension