(a Rayt feature that's in-the-works - based on Google's 'Safe Browsing' feature for Firefox)
One of the key anti-phishing features of the Google Toolbar for Firefox is that if you land on a site that is known for phishing, your screen turns gray and a large window pops open in your browser -- essentially telling you to run away as fast as you can! See a screenshot here.
The individual and group-generated reports that Google relies on for this service are what really appeal to me as they represent the community's ability to warn their members about
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