Phishing is bad for the society because it is basically fraud. People are hacking into other peoples online bank accounts and using them.
It has been said that in the first six months of this year there were 21,000 cases of "phishing" frauds involving banks etc.
People are sending out fake e-mails saying that they are from their bank, so that when they type in all of their details it is really going to someone else.
This is bad for the society because if you have old people who are just starting to use the internet for things such as online banking, they are being conned, and giving away all of their personal details.
Some banks are sending out new gadgets to their costumers to make it safer for them to use online banking. This is reducing the risk of phishing fraudsters.
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