According to Wikipedia :
Phishing is an example of social engineering techniques being used to deceive users. Users are often lured by communications purporting to be from trusted parties such as social websites, auction sites, banks, online payment processors, or IT administrators.
Attempts to deal with phishing incidents include legislation, user training, public awareness, and technical security measures (the latter being due to phishing attacks frequently exploiting weaknesses in current web security).
The word itself is a neologism created as a homophone of fishing.
There are also a few types of phishing techniques like:
Spear Phishing, Whaling, Clone Phishing, Link Manipulation, Filter Evasion, Website Forgery, Covert Redirect, Social Engineering, Voice Phishing, etc.
If you want to learn more about them in detail, you can visit the Wikipedia listed above or try to google them as there are tons of information since Phishing starts way back in the 1980s.
You can also follow SI Insights for Email Phishing alerts. There is no best way to stop them, but we can learn how to identify/spot them so you Don't Fall For It.
On May 14, CAAS announce that some email scam involves a person(s) impersonating a representative of theirs. Sending an email to vendors to request a quotation...
"CAAS is aware of an ongoing email scam which involves person(s) impersonating a representative of CAAS, sending emails to vendors to request for direct quotations of specific goods or services, and issuing fake confirmation letters and purchase orders to them. Email addresses with names or domains similar to authentic CAAS emails were used to solicit information from recipients.
CAAS takes a serious view of the matter and has reported the case to the police for investigation.
CAAS wishes to advise business partners and members of the public to be alert to suspicious emails that appear similar to official CAAS emails (@caas.gov.sg), and to exercise caution when sharing their business or personal details online. Should anyone encounter this scam, please disregard the email and if necessary, lodge a police report."
Cyber Security Agency of Singapore (CSA) (www.csa.gov.sg) promoting Go Safe Online, giving tips for users online to spot the sign of Phishing.
Phishing links can put your life savings at risk. Spot signs of phishing, such as suspicious links, to protect yourself from cyber criminals. Get more tips at https://www.csa.gov.sg/gosafeonline.