Phishing is a method of deceitfully obtaining personal information such as passwords; Identity numbers and credit card details, by sending e-mails that look like they come from trusted sources, such as banks or legitimate companies.
Phishing emails request that users click on a link in the email which will direct users to a “spoofed” website- a site designed to fool users into thinking that it is legitimate- to obtain, verify or update contact details or other sensitive financial information.
The spoofed website will look almost exactly like that of a legitimate or a well-known financial institution. Phishing emails which are a form of spam emails, are typically sent in large numbers to consumer email accounts. The criminals send them in the hope of tricking recipients into disclosing their personal information in bogus online platforms on the spoofed websites.
All it takes is a few duped individuals to make phishing a profitable business for cybercriminals.