What is phishing and what is it's purpose?

My friend told me this- Phishing is a way to steal sensitive information Suppose you have a yahoo id now i create a page that looks like yahoo sign in page & then you come along & input ur username & pass. This way i get hold of your username & pass

see i think fishing is the technique by which one get your passwords or any related information by sending you the exact page alike ! well just want to tell you by example ! suppose your friend is online and you want to know his password and here phishing is somewhat best option instead of keyloger or any ! here you can send the page link to your friend which looks like yahoo or any ! and telling him that see my photo album i updated just now by logging into the account ! and then the passord will be send to your area according to your path

well there is phishing were people post fake pages on the internet and try to steel your money and it does work we just lost 2,600$ but a phishing page and then there is fishing to catch fish out of the water what one do you mean?

Phishing is when people get access to your computer or other electronic devices and get all of your personal information, then in turn are able to steal your identity and get cedit cards in your name. They can then use them under your name. It'll hurt your credit rating and you won't even know it. You'll just find out that you owe a lot of money and won't be able to get a loan or anytign if you need to and don't know why.

The term "phishing" is a variant of fishing, and refers to the use of sophisticated methods to lure "fish" for user's financial information and passwords. It is a criminal activity punishable by cyberlaws, and the people who resort to phishing are known as Phishers. Phishers attempt to fraudulently acquire sensitive information, such as passwords and credit card details, by masquerading as a trustworthy person or business in an electronic communication like (email). for eg. a Phisher might masquerade as a staff member of your email service and ask for your password etc. and try get hold of your personal details. Beware of Phishers nobody on the Internet has the right to know your personal details. So, happy surfing take care!.

Phising is essentially disguising a website as another reputable website so as to earn money from it, like stealing a password and account number. Yeah thats it.