What is Phishing?

Phishing is also known as Carding or Brand Spoofing. It uses e-mail messages that seem to come from legitimate businesses that one might be dealing with eg. banks, online shopping websites like eBay, PayPal, Amazon etc., Internet Service Providers like AOL, MSN, Yahoo etc.. These message might look quite authentic having Corporate Logos and message formats, which are similar to the ones sent by the actual businesses or companies. These messages generally ask for verification of User Ids, Account Numbers and Passwords. Around 20% of the users fall in their trap and end up giving their personal information, which leads to heavy losses for them as well as the companies.