Fraudsters who are successful in their phishing scam may be able to

Phishing-it is a fraudulent practice of sending emails purpoting to be from reputable companies in order to induce individuals to reveal personal information such as passwords and credit card numbers.

Fraudsters who are successful in their phishing scam may be able to drain money from your account. They have ways to steal personal data, usernames and passwords for important services you use online.

Fraudsters who are successful in their phishing scam may be able to enjoy for a little time stealing a person's information, identity, and money to satisfy their evil interest. The question is, for how long? This is a criminal offense and definitely punishable by law. The government together with the banking/financial and business sector is taking this matter very seriously. Proper authorities are also strategizing and patiently educating big and small companies, organizations and communities concerned in order to battle these modern day thieves.