The technology news headlines have lately been buzzing with news of recent widespread phishing attacks. One report from earlier this month states that a phishing scheme aimed at email users took in more than 20,000 email addresses and passwords. The FBI director even admits to a brush with such a scam, which prompted his wife to take over the responsibility of their online banking.
When it comes to phishing scams, a compromised email account can be the least of your problems. Many people use the same password on several websites, including their online bank accounts. Information gathered through various online accounts can be used to steal not only your money, but your identity. Criminals can then use your stolen identity to obtain medical care, loans, or commit crimes in your name.