Why does phishing exist?

I don't believe there is a market for anti-phishing technologies. Those attacks aren't sophisticated, and there is no innovation to tackle those attacks, said the investor of a reputable VC firm I was pitching my idea of helping banks fight online fraud. It was early 2004. I don't want to bother you with the whole story of how we scaled the business, I think it will suffice to say that we ended up building the global leader in electronic fraud …

cybersecurity phishing