Phishing

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Phishing

The illegal practice of attempting to steal an identity by setting up a website and encouraging people to input credit card or other personal information. Phishing often purports to present a legitimate web business and asks the "customer" to give personal information in order to receive fictitious products. Alternatively, phishing may involve a criminal sending out e-mail purporting to be from a bank or credit card company asking for information as part of an "urgent" request. Phishers then steal the identity directly or sell to another party for illegal purposes.

Phishing.

Phishing is one way that identity thieves use the Internet to retrieve your personal information, such as passwords and account numbers.

The thieves' techniques include sending hoax emails claiming to originate from legitimate businesses and establishing phony websites designed to capture your personal information.

For example, you may receive an urgent email claiming to come from your bank and directing you to a website where you're asked to update or verify your account number or password. By responding you give identity thieves an opportunity to steal your confidential information.

Phishing is difficult to detect because the fraudulent emails and websites are often indistinguishable from legitimate ones and the perpetrators change identities regularly.

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Phishers often disguise malicious emails with words like "Re:" "Payment" and "Order.
Once the phishers are able to retrieve the sensitive information, they can now use the collected usernames and passwords to ultimately bypass the protection and make use of the accounts for themselves.
Phishers have also been using the bait of celebrating special occasions.
That means that even if the web sites get shut down, the collected data is still available to the phishers.
Nearly all legitimate e-mail messages from companies to their customers contain an item of information that is not readily available to phishers (name, account number, business name etc) so suspicion should be raised with staff if a generic looking request comes through on email.
Phishers targeting UAE residents is not a new phenomenon however.
You need also to realise that phishers are not above playing the charity card to get your money.
Spammed phishing attacks have become notorious in 2006 as phishers continued their release of phishing email messages, primarily (and most worryingly) using financial brands.
In some cases, phishers will create an unauthorized pop-up screen Website of a real company or organization.
Once we are able, without a doubt, to identify the sender of an e-mail, we can trace it back and hold spammers and phishers accountable.
SurfControl, plc (LSE: SRF), the global leader in Internet content protection, today said that its Global Threat Experts have identified a phishing scam with a unique twist -- rather than phishers attempting to redirect recipients to fraudulent Web sites which harvest passwords and account information, this phish targeting the Chase Bank customers, uses only a telephone number as a method of contact.
The trojan phishers, also know as sleeper bugs, reportedly monitor websites for online forms such as the ones used when logging on to online banking.