What is a computer scam that tricks consumers into revealing personal information called?

The term used to describe a computer scam that tricks consumers into revealing personal information is phishing. Phishing typically involves fraudulent online communications, often appearing to come from a reputable source, such as a bank or an online service. The scam can take various forms, such as emails, messages, or websites designed to mimic legitimate ones, enticing individuals to enter sensitive information like passwords, credit card numbers, or social security numbers.

Consumers may receive enticing promises, urgent warnings, or requests for verification that compel them to act quickly and disclose their personal information without verifying the authenticity of the source. This tactic relies heavily on psychological manipulation and a sense of urgency, making individuals more susceptible to sharing sensitive data.

Understanding phishing is crucial in personal financial literacy since it can lead to dire consequences like identity theft or financial loss. Recognizing the signs of such scams can empower consumers to protect their information effectively.