Phishing is a form of cybercrime based on social engineering techniques.
The name phishing is a conscious misspelling of the word fishing and involves stealing confidential data from a person’s computer and subsequently using the data to steal their money.
The cybercriminal creates an almost 100% perfect replica of a financial institution or online commerce web site.
They then try to lure unsuspecting victims to the site to trick them into disclosing their login, password, credit card number, PIN, etc. into a fake form.
This data is collected by the phisher who later uses it to access people’s accounts fraudulently.