Throughout the history of modern business, management has dealt with the problem of theft. Businesses have a difficult time keeping money and information out of the wrong hands, due to external robberies and internal theft of both money and confidential information (Nykodym & Ariss, 2006). Apart from the ease of being able to reach customers anywhere in the world, the electronic media has created a new wave of worries for companies, since theft of information is becoming easier for criminals and harder to detect for businesses. Cyber crime, called â€œphishing,â€ can be characterized by attackers using trusted Internet sites to lure information from unsuspecting consumers. It is now becoming a widespread problem for the business world. Phishing attacks are one of the major elements of cyber crime and companies have begun the arduous battle against phishers to keep their customers safe and their businesses afloat.