News Factor reports that MasterCard is on a mission to bring phishers to their knees. The fraudsters responsible for the latest online scam obtain their illegal gains by setting up fake Web sites that mirror those of actual banks. They then send e-mails that trick customers into logging on and revealing their personal account information. (full story)
The best protection agains phishing is to be VERY observant of web sites you visit and even better DIRECTLY type in the URL of your financial institution and do not click through from a received email.