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    Deepika Perumalla
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    Phishing is a form of cybercrime where criminals attempt to acquire sensitive information such as usernames, passwords, and financial details from individuals by posing as a trustworthy entity through email, phone calls, or text messages. Phishers plan their targets, set up fake websites or messages, attack by sending the fraudulent content, collect any information entered by victims, and then use that information to carry out identity theft or financial fraud. Common techniques include creating spoofed websites, sending phishing emails, narrowing in on potential victims, tricking them into entering their details, and stealing any data provided. A case study describes India's largest corporate accounting fraud where the former head of Satyam Computer Services admitted to inflating profits by over $1

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    Phishing is a form of cybercrime where criminals attempt to acquire sensitive information such as usernames, passwords, and financial details from individuals by posing as a trustworthy entity through email, phone calls, or text messages. Phishers plan their targets, set up fake websites or messages, attack by sending the fraudulent content, collect any information entered by victims, and then use that information to carry out identity theft or financial fraud. Common techniques include creating spoofed websites, sending phishing emails, narrowing in on potential victims, tricking them into entering their details, and stealing any data provided. A case study describes India's largest corporate accounting fraud where the former head of Satyam Computer Services admitted to inflating profits by over $1

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views7 pages

    Phishing

    Uploaded by

    Deepika Perumalla
    Phishing is a form of cybercrime where criminals attempt to acquire sensitive information such as usernames, passwords, and financial details from individuals by posing as a trustworthy entity through email, phone calls, or text messages. Phishers plan their targets, set up fake websites or messages, attack by sending the fraudulent content, collect any information entered by victims, and then use that information to carry out identity theft or financial fraud. Common techniques include creating spoofed websites, sending phishing emails, narrowing in on potential victims, tricking them into entering their details, and stealing any data provided. A case study describes India's largest corporate accounting fraud where the former head of Satyam Computer Services admitted to inflating profits by over $1

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    PHISHING

    Introduction
    Phishing is a cybercrime in which a target or targets are
    contacted by email, telephone or text message by
    someone posing as a legitimate institution to lure
    individuals into providing sensitive data such as
    personally identifiable information, banking and credit
    card details, and passwords.
    OR
    “Phishing” refers to an attack using mail programs to
    deceive Internet users into disclosing confidential
    information that can be then exploited for illegal
    purposes.
    How Phishing Work?
    Phishers work in the following ways:
    1. Planning: Criminals, usually called as phishers, decide the target.
    2. Setup: Once phishers know which business/business house to spoof and
    who their victims.
    3. Attack: the phisher sends a phony message that appears to be from a
    reputable source.
    4. Collection: Phishers record the information of victims entering into
    webpages or pop-up windows.
    5. Identity theft and fraud: Phishers use the information that they have
    gathered to make illegal purchases or commit fraud.
    Nowadays, more and more organizations/institutes provide greater online
    access for their customers and hence criminals are successfully using
    Phishing techniques to steal personal information and conduct ID theft at a
    global level.
    Common Stages Of a Typical Phishing Attack
    Building the spoof website
    Sending the phishing email
    Narrowing the search for a victim
    Taking the bait
    Collecting the stolen data
    Steps Involved in Attack
    Case Study
    The fraud surfaced in January 2009 when Ramalinga Raju
    admitted in a letter to the company’s board and stock
    exchanges to have inflated revenue and profit over several
    years in an accounting fraud to the tune of ₹ 7,136 crore,
    making it India’s biggest accounting scam; he retracted
    the confession in the course of the trial. Subsequent
    investigations by CBI estimated the amount at ₹ 14,000
    crore.
    A special court on Thursday sentenced B. Ramalinga
    Raju, founder of the erstwhile Satyam Computer
    Services Ltd, and nine others to seven years of rigorous
    imprisonment, convicting them in India’s biggest
    corporate fraud case.

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