We have seen a lot of this activity in the past. The spammers seems to be targeting not only the reader of the form but also the person referred to in the email field on the form.
If you are sending out confirmation emails to people who are submitting information to you via forms that allow an email address to be added to the form you are likely to be hit with this type of attack. It is possible, under certain circumstances, to send millions of spam messages using this type of attack.
One way to reduce the problem is to only allow registered users to contact you in this way, or alternatively to use one of those obscured number/letter combinationsto prevent mass form submissions perhaps.
If anyone else has other ways to prevent this type of attack we would be pleased to hear them. When we were hit with this attack we tried IP blocking and allowing submissions only from our own web pages but the spammers got round both of these limitations.
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