Submitted by Nathan Rollins (not verified) on Fri, 02/12/2010 - 09:12.
TechnologyHow Phishing Works
Suppose you check your e-mail one day and find a message from your bank. You've gotten e-mail from them before, but this one seems suspicious, especially since it threatens to close your account if you don't reply immediately. What do you do?
This message and others like it are examples of phishing, a method of online identity theft. In addition to stealing personal and financial data, phishers can infect computers with viruses and convince people to participate unwittingly in money laundering.
Most people associate phishing with e-mail messages that spoof, or mimic, banks, credit card companies or other business like Amazon and eBay. These messages look authentic and attempt to get victims to reveal their personal information. But e-mail messages are only one small piece of a phishing scam.
¬From beginning to end, the process involves:
Planning. Phishers decide which business to target and determine how to get e-mail addresses for the customers of that business. They often use the same mass-mailing and address collection techniques as spammers. read more »