Book Review: Phishing for Phools3 min read . Updated: 16 Sep 2015, 07:53 AM IST
George Akerlof and Robert Shiller leave one question unanswered: how can the preferences of a regulator be superior to those of the ones being regulated?
By now, phishing is a term that most people who have used credit cards or have shopped online are aware of. Phishing is viewed as a problem of loopholes and poor awareness on the part of consumers. But it is also a fact that law enforcers will always be a step behind the far smarter phishers who find innovative ways to rip off consumers who are not alert.
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