What is a potential consequence of not addressing phishing attempts?

Not addressing phishing attempts can lead to identity theft, which is a significant and serious consequence. Phishing involves fraudulent communication, often through email, that appears to be from a trustworthy source. If individuals fall victim to these scams by providing personal information, such as usernames, passwords, or credit card details, cybercriminals can use this information to impersonate the victim. This can result in unauthorized access to bank accounts, credit cards, and online services, ultimately leading to financial loss and a damaged reputation for the individual affected.

Addressing phishing attempts is crucial in order to safeguard sensitive information and protect against the legal and financial ramifications of identity theft. Preventive measures might include educating users about recognizing phishing attempts, implementing strong email filters, and encouraging the use of multi-factor authentication for added security.