Phishing

If you hear your IT department talking about 'fishing', don't yawn.

by
Last Updated: 09 Oct 2013

It's really 'phishing' - and it's a serious problem for any firm doing business online, especially banks. In phishing, fraudsters create a copy of a website, then send out bulk e-mails to lure customers to it. When you key in your account details and passwords, the information is stolen and your account is emptied. This elaborate scam is new, but a simpler version first emerged in 1996, when members of the AOL online service were bombarded with phishing e-mails asking for their account details. The name comes from the idea of fishing for information; the spelling reflects the 1990s popularity of a (blameless) US rock band called Phish and the old hacker pursuit of phone-phreaking. The phreaks, including a young Steve Jobs, tricked the US phone system into giving them free long-distance calls, for kicks rather than profit. Phishing, though, is a different kettle of phish.

Tags:
MT Break

Find this article useful?

Get more great articles like this in your inbox every lunchtime

A new etiquette for video meetings

Virtual calls are not the same as in-person conversations, so we need to change the...

There's opportunity in this recession

A Schumpeterian view of closing businesses.

Is it okay to spy on my staff if I think they're slacking ...

Everything you wanted to know about employee surveillance but were afraid to ask.

The psychology of remote working

In depth: The lockdown has proven that we can make working from home work, but...

A simple cure for impostor syndrome

Opinion: It's time to stop hero-worshipping and start figuring out what greatness looks like to...

I was hired to fix Uber’s toxic culture - and I did. Here’s ...

Harvard’s Frances Frei reveals how you know when your values have gone rotten, and what...