There are many variations on this scheme. It is possible to Phish for other information in additions to usernames and passwords such as credit card numbers, bank account numbers, social security numbers and mothers’ maiden names. Phishing presents direct risks through the use of stolen credentials and indirect risk to institutions that conduct business on line through erosion of customer confidence. The damage caused by phishing ranges from denial of access to e-mail to substantial financial loss.
This report also concerned with anti-phishing techniques. There are several different techniques to combat phishing, including legislation and technology created specifically to protect against phishing. No single technology will completely stop phishing. However a combination of good organization and practice, proper application of current technologies and improvements in security technology has the potential to drastically reduce the prevalence of phishing and the losses suffered from it. Anti-phishing software and computer programs are designed to prevent the occurrence of phishing and trespassing on confidential information. Anti-phishing software is designed to track websites and monitor activity; any suspicious behavior can be automatically reported and even reviewed as a report after a period of time.
This also includes detecting phishing attacks, how to prevent and avoid being scammed, how to react when you suspect or reveal a phishing attack and what you can do to help stop phishers.