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Banking on Phishing • Chapter 1 31
Summary
Fraud, identity theft, phishing, and spam are quickly becoming the single largest
threat to e-commerce, as well as to the reputation and overall bottom line of
financial institutions in the 21
st
century. Successful mitigation will depend on the
way accurate initial identification and classification of phishing and spam types,
individuals, groups, and organizations are communicated to law enforcement.
Phishing, also simply known as brand spoofing, attempts to forge or falsify a
legitimate organization’s e-mail address or Web site in an attempt to scam the e-
mail recipient into providing confidential ...