What is The Meaning of Phishing & its Types

Know in depth about phishing. Safeguard yourself from cyber attacks with plans starting from Rs. 299.
What is The Meaning of Phishing & its Types
3 mins

What is the meaning of phishing?

Phishing is a type of social engineering where the attacker steals confidential data. This includes login credentials, card details, or passwords. Phishing happens over electronic means like emails or text messages that originate from unreliable sources.

There are different types of phishing ranging from classic email phishing to inventive phishing like smishing, spear phishing and more. Read to know more about the various types of phishing in cyber security.

Types of phishing attacks

Read below the different types and common techniques used for phishing attacks:

  • Smishing

Text messages containing malicious links that appear to have originated from trustworthy companies asking users to give out confidential information.

  • Vishing

Phone calls make users divulge their confidential details to fraudsters pretending to be from reliable organisations by using VoIP (Voice over Internet Protocol).

  • Pharming

Modifies IP addresses and redirects users to false websites designed to look like the original iterations. The fraudsters gain access to the users' data when they enter their usernames and passwords on these fraudulent websites.

  • Loyalty frauds

Fraudsters can hack into loyalty members’ accounts and spend the accumulated loyalty points while gaining access to their personal information.

  • Session hijacking

Common in bank transactions, these phishing attacks are done by gaining unauthorised access to a system, thus effectively hijacking the computer session.

  • Content spoofing

Modifying parts of the content on a website that, when clicked, redirects users to malicious websites and gains their confidential data.

  • Whaling

Phishing scams targeting high-profile or senior executives, such as CEOs, CFOs, COOs, CIOs, etc.

Why is phishing a problem?

To acquire direct access to email, social media, and other accounts, cybercriminals utilise phishing assaults. This information is sensitive and access to it can cause major financial or identity theft.

The fraudsters can use it to get personal information illegally, which may further lead to confidential losses. Attackers gain access to connected systems, modify them, and compromise them.

How phishing works

Phishing basically works by sending messages or emails containing fake websites that look like legitimate company or organisation websites. On clicking the link, the user shares personal details like the credit card number. In doing so, the attacker will steal the information and misuse the credit card in fraudulent acts.

How to identify a phishing email?

Here are a few ways to identify a phishing email:

  • Contains too-good-to-be-true offers.

  • Recipients in CC whom you do not recognise.

  • Suspicious attachments or links.

  • Has spelling or grammatical errors.

What happens when you reply or click on a phishing email?

Opening or clicking a phishing email may lead you to malicious websites. These can gain access to your confidential data like bank or card details, login credentials, and more.

How to protect yourself from phishing attacks?

Here are a few effective ways of phishing prevention:

  • Install an anti-phishing toolbar and update the browser regularly.
  • Install antivirus software and update it periodically.
  • Change account passwords regularly.
  • Enable desktop and network firewall.
  • Check website reliability and block pop-ups.

Individuals can avail of the cyber security plans through Bajaj Finance Insurance Mall. Such plans ensure the complete security of their devices against cybercrimes. These cybercrimes include phishing, unauthorised transactions, payment-related frauds, and more.

Card Protection Plans and their benefits

Card Protection plans are a preventive measure against payment card-related frauds and scams. It is like having insurance where you can claim the damage/loss suffered if and when you fall victim to cybercrimes or other card-related scams.

Key benefits of CPP

  • Fraud protection
  • Block compromised cards
  • Emergency cash advances
  • Travel and hotel expense assistance
  • Cover multiple family members

Avail of suitable cyber security cover and stay financially secure against any cyber attacks.

Also, read

Online fraud

ATM fraud

UPI fraud

Credit card fraud

Debit card fraud

Pan card fraud

Frequently asked questions

How to report phishing emails?

The first action to do if you believe you are the victim of phishing is to inform the concerned authorities. At a corporate network, report the issue to IT workers. In case of individual fraud, you can contact Federal Trade Commission (FTC) to report a scam.

What is the difference between trap phishing and barrel phishing?

During a barrel phishing attempt, a huge number of people are sent an email with a malicious attachment or link with the intention that at least some of them will click on it.
Trap phishing, on the other hand, means sending multiple emails, messages or phone calls to the same person. This is with the intention to trick the recipient to click on the malicious link.

How to prevent yourself from financial loss due to cyber fraud?

You can prevent yourself against cyber fraud by buying a cyber security cover. Such plans provide coverage against cyber fraud and Simjacking. It also secures you from unauthorised access to sensitive information.

What is a phishing text message?

Text phishing is when attackers use malicious text messages to entice victims into disclosing their personal or financial information

What is a phishing crime?

Phishing is a type of cybercrime in which scammers use deceptive tactics to trick individuals into providing sensitive information such as passwords, credit card numbers, or other personal details. Typically, phishing scams are carried out through email, fake websites, or social media.

Why do hackers use phishing?

Phishing is a common tactic used by hackers because it is relatively easy to execute and can be highly effective. By posing as a trusted organization or person, such as a bank or friend, scammers can trick targets into providing sensitive information that can be used for financial gain, identity theft, or other malicious purposes.

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