Phishing basic means is that when anyone tries to trick you by providing the attractive stuff. So here it’s a kind of same meaning of Phishing where e-mails that claim to be from your bank or other financial organizations but are actually sent to you by fraudsters. These e-mails typically urge you to click on a link that takes you to a fake website which is often identical to the one you would expect to see. You are then asked to verify or update your personal security information. The fraudster who has created the fake website will then have your security and other personal information. A genuine organization will never send you this type of e-mail. These e-mails aren’t normally addressed to you by name; they are sent to millions of recipients in the hope that some will respond. The aim of the e-mail is to trick you into providing your details.
This practice is likely to be an increasing menace and you are advised to: Not go to any website and input any password or other banking details as a direct result of an e-mail request; banking details includes credit/debit card and PIN numbers requested via e-mail. Your financial institution will never send you e-mail asking you to update your security; it will never ask you to confirm your log-in or security password information by clicking on a link in an e-mail, or visiting a website.