What is being done to stop phishing?
Banks combat phishing schemes by educating their customers, installing fraud detection software and working with industry coalitions. These coalitions, along with law enforcement agencies at local, state, federal and international levels, are working together to find phishers, shut down their Web sites and prosecute them to the full extent of the law. Since these anonymous scammers are so elusive — and often based outside of the United States — consumer education is extremely important. That is why most banks have posted anti-phishing tips on their Web sites and have mailed fraud and identity theft prevention information to their customers. The more people know about phishing and other identity theft scams, the fewer victims will be affected by these schemes.
