DEFINITION of 'Phishing'

A method of identity theft carried out through the creation of a website that seems to represent a legitimate company. The visitors to the site, thinking they are buying something from a real business, submit their personal information to the site. The criminals then use the personal information for their own purposes, or sell the information to other criminal parties.


A classic example of phishing is an identity thief setting up a website that looks like it belongs to a major bank. Then, that thief sends out many emails that claim to be from the major bank and request the email recipients to input their personal banking information (such as their PIN) into the website so the bank may update their records. Once the scammer gets a hold of the needed personal information, they attempt to access the victim's bank account.

  1. Bait Record

    An internal control used in accounting to detect fraud and improper ...
  2. Smishing

    The use of SMS (short messaging services) technology to phish ...
  3. Identity Fraud Reimbursement Program

    A financial product that offers reimbursment for the costs associated ...
  4. Credit Report

    A detailed report of an individual's credit history prepared ...
  5. Identity Theft

    The crime of obtaining the personal or financial information ...
  6. Skimming

    An electronic method of capturing a victim's personal information ...
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