While lucky hits were few and far between, they made enough money to cause a lot of damage and to keep doing what they were doing. Phishing attempts started with hackers stealing user passwords and creating random credit card numbers. It was this community that eventually made the first moves to conduct phishing attacks.
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Since the beginning, hackers and those who traded pirated software used AOL and worked together, forming the warez community.
Because it was so popular, it was targeted by phreaks and hackers with bad intentions. In 1995, America Online (AOL) was the top internet service provider with millions of visitors logging in every day. Phreaks and hackers have always been closely related, and the ‘ph’ spelling linked phishing attacks with these underground communities. Hackers in the early days called themselves ‘phreaks’, referring to the exploration, experimenting and study of telecommunication systems. It makes sense that the term “phishing” is commonly used to describe these ploys. as a hook to get people to voluntarily hand over sensitive information. Phishing scams use spoofed emails, fake websites, etc. This is about the time phishing as we know it started, although the technique wasn't well-known to the average user until almost 10 years later.
The first known mention of the term ‘phishing’ was in 1996 in the hacking tool AOHell by a well-known hacker and spammer. A phishing technique was described in detail in a paper and presentation delivered to the 1987 International HP Users Group, Interex.