Silicon.Com reports that "Phishing could soon be a thing of the past and the credit may have to go to Microsoft."
A leading web security expert says functionality built into Internet Explore 7 could shutter fraudulent websites within 18 months.
Inthe interview, Tim Callan, a director at VeriSign, said anti-phishing guards in IE 7 - which will warn users off malicious websites where they may be asked to submit personal information such as bank or credit cards details - will help restore badly damaged consumer confidence.
Callan said: "Consumer confidence is falling and the biggest reason for that is fear, pure and simple. People fear that something bad is going to happen to them."