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Phishing:An Inside Story

Phishing is a one of the fastest-growing cybercrimes and costs consumers millions of dollars each year. Pronounced "fishing", is named from spammers using fraudulent email messages to "fish" for information in an attempt to get their recipients to divulging personal data like credit card numbers, bank account numbers, social security numbers, and passwords. Phishing is typically carried out by email or instant messaging, and often directs users to give details at a particular website. It is one of the biggest threats on the internet and users need to be made more aware of what it is and what it can do. Phishing is so prevalent on the internet that if you receive an email supposedly from your bank, it's likely to be either a criminal attempt to get your login details or a real email warning you to be careful of this scam.

The rapidly growing class of identity theft scams on the internet has caused both short-term and long-term economic damage, faced by millions of people every day. First appearing more than ten years ago, phishing has grown to become the international electronic crime of choice for both amateurs and professionals alike.

Phishing is the fastest growing crime which everyone on the internet is susceptible to, an old con game taking advantage of new technology. It is so prevalent because it is such a low-cost and low-effort activity. Phishing attacks are likely to grow more sophisticated and our defenses against them must continue to improve to combat them.

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Thomas Tooma

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