Phishing is form of online fraud which attempts to trick users into divulging personal information such as usernames, passwords and banking details. This type of fraud is conducted through the use of seemingly legitimate emails which prompt users for specific information.
Pharming is form of online fraud which redirects users to fake websites which appear to be legitimate while attempting to gather personal information, such as passwords, entered by the user.
Source: PricewaterhouseCoopers 2011 Global Economic Crime Survey
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