Phishing refers to 'fishing' out sensitive information such as banking details  by pretending as a trustworthy entity. Usually the attacks will be in the form of an e-mail that appears to be from the bank. These randomly generated e-mails contain clickable links that guides you to a scamsters log on page which will be a page designed to capture your details. Different techniques will be employed by the scamsters to make you click on the links and enter the user id and passwords. Scamsters then use this information to siphon off funds or, undertake transactions that are billed to the original customer.