The statement 'Phishing occurs when a competitor or other party clicks on a sponsored link repeatedly in order to foul up advertising effectiveness' is false.
In the field of computers and technology, phishing can be described as a strategy used by an attacker to become a representative or source from an organization in order to lure people to give information about them that can be used by the attacker.
Clicking on sponsored links in order for fouling the results of an advertisement such that they look more effective is not a type of phishing. This is because no attack on the personal information of the users is being made in such a scenario.
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