#12unit 1online security and payment system
Phishing and Identity theft
Deception used to steal credentials and identities.
Nigerian letter and spear phishing
In a Nigerian letter scam, an email claims a rich foreign official needs your bank account to stash millions and offers a large share. In spear phishing, attackers impersonate a specific bank (e.g., Citibank) and target known customers to steal account credentials.
Symantec reported that in 2015, about 1 in every 1,875 emails contained a phishing attack, and 30% of phishing emails were opened by their targets (Verizon).