This document defines phishing as tricking individuals into providing private information like passwords or credit card numbers through fake websites or emails appearing to be from legitimate companies. It compares phishing to spam, noting phishing aims to deceive recipients into sharing sensitive data rather than advertising products. Statistics show over 6 billion phishing emails are sent monthly, averaging $1,200 stolen per successful phishing attempt. The document outlines how phishing works, the harms of identity theft and financial loss, and provides advice on how to identify and avoid phishing scams.