Criminals have long used con schemes and telephones to take advantage of trusting consumers. Now they’re “phishing” by sending fraudulent emails to users, pretending to be from a credit card issuer or Internet Service Provider, luring users to a phony website to “update” their account information. Criminals are also “pharming”—misdirecting consumers to fraudulent sites even if they’ve typed in a legitimate URL.
The states and Congress are gearing-up to stop phishing through new laws and increased enforcement – and for good reason. Criminals co-opt trusted brands like AOL, eBay, and Yahoo to dupe unsuspecting users into divulging their account access information. And it’s getting worse. The number of consumers receiving phishing attack e-mails has doubled over the past few years.
NetChoice helps provide information to policymakers about the threat of phishing and pharming and to educate them about legislative solutions.