One of the most common types of phishing schemes and scams that are being used today involves the use of email. In this type of phishing scheme, a fake email is sent to you. For example, you might receive an email from a financial institution that you do business with or some company that you have transacted business with in the past.
For example, you might receive an email from your bank or from PayPal of eBay. The email will advise you that there has been some sort of problem discovered with your account and that you need to take action immediately in order to clear up the problem.
The email may include a form for you to fill out -- asking for personal and financial information. In the alternative, the email might include a link that takes you to a fake website that looks very much like the real thing. Once at the fake website, you will be directed to a page asking you to input personal and financial information.