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First came phishing, then came pharming. With the arrival of spear phishing on the scene, the list of security threats to financial services institutions continues to grow. Banks must revise existing security policies now to prevent potentially disastrous exposure.
A Twist on Phishing
Phishing, an e-mail-based form of identity theft, has emerged over the last two years as a significant threat to financial institutions.Pharming has also kept Web administrators awake at night since it dramatically increases the number of potential victims by using DNS hijacking to redirect visitors to a rogue Web site.