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Spotting the signs
However, many phishing scams are more polished and those are the ones that catch people out. But there are still tell-tale signs to look out for. Firstly, banks and other reputable institutions will never – we repeat, never - send you an email asking you to supply them with your account details. If you do get an email from an institution that you're unsure about, phone them – if it's a legitimate email then they'll be able to confirm it.
Secondly, check the email/site – does it look legitimate? Many phishing emails and websites look like amateur efforts and not like the sort of presentation a large corporation would put out. Thirdly, if you're taken to a phishing site, remember that your bank will never ask for your full security number/password, only a selection of the digits. If you're asked for it in its entirety, you'll know that there's something funny going on.
Finally, it's worth getting an up-to-date security suite. Many anti-virus programs now include phishing filters that will flag up potential risks, making them easier to spot and taking the burden of recognising them off your shoulders.

So in conclusion, phishing scams fool you into entering a username and password or bank account and PIN on a fake site. Common sense is probably your best defence but if you think you you need a little help then try running Spoofstick from www.spoofstick.com
Phishing