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Finance & Banking vocabulary · Fintech & Digital Banking

Phishing

Meaning in finance & banking, with examples

/ˈfɪʃɪŋ/nounCommon term

In finance & banking, phishing means: A trick in which criminals send fake emails, messages or websites that seem to come from a bank, in order to steal passwords, card details or codes.

In Turkish: oltalama, kimlik avı, phishing

How it is used

Used in fraud prevention, security training and customer warnings. Customers receive phishing emails or fall for phishing scams, and banks report and take down phishing sites. Phishing by text message is called 'smishing' and by phone call 'vishing'. Staff are often tested with simulated phishing emails.

Example sentences

  1. The email looked real, but it was a phishing attempt with a fake login page.

  2. We warned all customers about a new phishing campaign that uses our logo.

Common collocations

  • phishing email
  • phishing attack
  • phishing site
  • fall for a phishing scam
  • report phishing
  • fraudDeceiving someone to get money or another advantage illegally, such as using stolen card details or opening an account with a fake identity.
  • OTPShort for one-time password: a code that is valid for a single login or transaction and only for a short time, usually sent by text message or created in an app.
  • two-factor authenticationA way of checking identity that asks for two different kinds of proof, such as a password plus a code sent to your phone, before giving access.
  • online bankingManaging a bank account through the bank's website on a computer, including payments, transfers and statements.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Fintech & Digital Banking

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This page explains English vocabulary for learners. It is not financial advice.