In December 2006, the FSA said they were very concerned about the growth of phishing.
Phishing involves using fake websites to lure people into revealing their bank account numbers.
Fraudster will send you an email, which at first glance, will look like it has come from Bank XYZ. You will be asked to click on a link in the email that will take you to a fake website, which may look like the real Bank XYZ website where you will be asked to enter your confidential security details. The fraudster can then capture all the information they need to access your account.