Schneier on Security

Recently I have been receiving e-mails from PayPal. At least, they look like they’re from PayPal. They send me to a Web site that looks like it’s from PayPal. And it asks for my password, just like PayPal. The problem is that it’s not from PayPal, and if I do what the Web site says, some criminal is going to siphon money out of my bank account.

Welcome to the third wave of network attacks, what I have named “semantic attacks.” They are much more serious and harder to defend against because they attack the user and not the computers. And they’re the future of fraud on the Internet…