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Microsoft Corp. released a security bulletin yesterday providing fixes for three major security flaws related to its Internet Explorer browser for surfing the Web, one of which allows hackers to mask the Internet address of a fake Web site.
But yes it is a cool issue, when clicking on the link usually masked with JS your address bar shows wellsfargo.com but it can go to a remote host elsewhere and your filling in your info.
A fine example of phishing:
I recently had a bogus "PayPal" update page sent to me. It asked me to click a link and re-file all my personal data as they were "switching servers!" I forwarded it to the real PayPal and they confirmed that it was a fake. I didn't click on any of the links in the fake update, but they appeared as real PP addresses.
I just went to PP to see if they had indeed issued an update.