Phishing is very much like fishing, except that you’re the fish, and that threatening email is the bait. If you bite, you run the very real risk of identity theft and all the hassle that entails.
What happens is this: phishers create email that looks VERY much like an official email from some important entity, like eBay, MSN, or perhaps a bank. The email asks you to visit some site, which again, looks very official and proper. There you’re then prompted to enter all your personal information again in the guise of “verification”.
The problem is that you’ve just handed over all your personal information to a thief.
The single biggest clue is simple: legitimate businesses simply shouldn’t, and the majority don’t, ask you for your private information via email. Ever.
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