Identity theft where someone fraudulently attempts to scam
other person into providing passwords, credit card
information or bank information. These emails are often
sent looking like they come from a major bank and asks the
user to click on a spoofed link to provide sensitive
information.
U.S. Senator Patrick Leahy introduced the "Anti-Phishing Act
of 2005" http://leahy.senate.gov/press/200503/030105.html