Phishing

calender iconUpdated on November 06, 2023
financial fraud
personal finance

Definition:

Phishing is a type of social engineering attack where a malicious actor tricks individuals into divulging sensitive information, such as passwords, emails, or financial details, by disguising themselves as a trusted entity.

Types of Phishing:

  • Email Phishing: Scammers send emails posing as legitimate organizations, asking for sensitive information such as passwords, credit card numbers, or personal details.
  • Web Phishing: Scammers create fake websites that mimic legitimate ones to lure victims into providing their credentials.
  • SMS Phishing: Scammers send text messages disguised as from a trusted sender requesting sensitive information.
  • Social Media Phishing: Scammers use social media platforms to target individuals with fake messages or friend requests.
  • Mail Phishing: Scammers intercept emails between a victim and a legitimate organization and insert malicious code or links.

Methods:

  • Spoofing: Mimicking the appearance of a legitimate sender’s email address or website.
  • Deceptive Messaging: Using persuasive language and urgency to trick victims into taking action.
  • Exploitation of Social Engineering: Exploiting human emotions, such as fear, greed, or curiosity.
  • Credential Harvesting: Stealing passwords and other credentials from victims.
  • Malware Installation: Planting malware on victim computers to steal data or track their activities.

Prevention:

  • Be cautious of suspicious emails and messages: Verify the sender’s identity and be wary of links or attachments from unknown sources.
  • Use strong passwords and security measures: Use unique passwords and consider multi-factor authentication for added security.
  • Be vigilant on social media: Be aware of unsolicited friend requests or messages and be cautious about providing personal information online.
  • Install anti-phishing software: Use security software that can detect and block phishing attempts.
  • Educate yourself: Stay informed about phishing techniques and scams.

Detection:

  • Monitor your accounts and credit reports: Regularly check for unauthorized activity or suspicious changes.
  • Be watchful for suspicious emails and website addresses: Pay attention to slight variations in email addresses or website domain names.
  • Report scams: If you encounter a phishing attack, report it to the relevant authorities.

FAQ's

What is phishing?

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Phishing is a cyber-attack where attackers pose as trusted entities to trick individuals into revealing sensitive information, such as passwords or credit card numbers.

What is an example of phishing?

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How is phishing done?

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What is an example of phishing in India?

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What is the most common form of phishing?

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