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Date Submitted: 07/11/05
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Why Corporations Need to Worry About Phishing



Added by Papergrl

Description: Phishing is much more than a problem faced by individual consumers, it is also a business problem faced by any organization that has employees or does business online. Failure to protect employees and customers from phishing attacks can have a devastating impact on a company's reputation and can cause significant legal liabilities. Phishing is a relatively new form of online fraud that focuses on fooling the victim into providing sensitive financial or personal information to a bogus website that bears a significant resemblance to a tried and true online brand. Typically, the victim provides information into a form on the imposter site, which then relays the information to the fraudster.

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