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Although it's not a part of IE7, this screen shot of Outlook shows an email that's probably from a phisher because the user doesn't have an account at Chase. Phishers send their emails to millions of people in hopes that some of the people who receive them actually have an account on the financial site's systems and can be fooled into clicking on the links and submitting their login credentials. One way phishers fool people is by presenting a full Web address ("http" and all), as this email does. That makes it look real because the Web address looks like the legitimate domain for Chase. But, as you will soon see in the next frame, the actual Web address that the link takes you too is different than the Web address being displayed.