Phishing occurs when an identity thief lures you through a phony email that purports to be from a bank, another legitimate company or even the IRS or other governmental agency to a phony website that looks like the website of that legitimate company, but actually is just a con to entice you into providing personal financial information. Often phishing scams prey upon our fears by telling us that our accounts have been compromised and that if we do not provide verifying information, our accounts will be closed.
Clicking through to the phony websites also carries the risk of unwittingly downloading malware such as keystroke logging programs that once installed on your computer provide the scammer with all of the information found about you on your computer. This information can be used to make you a victim of identity theft or even to empty your bank accounts if you use your computer for online banking.
Never click on a link to a website unless you are totally sure that it is legitimate. Trust me you can’t trust anyone. Even if you receive an email from someone you trust, it may not be from them at all, but rather from someone who has hijacked their email or even if it is from them, they may have, in turn, fallen prey to a scam artist and may be passing along dangerous malware without even knowing it.
Install antiphishing software on your computer to warn you before going to a website that may be tainted. A good, free antiphishing software can be found at www.toolbar.netcraft.com.