Phishing has become a substantial threat for internet users and a major cause of financial losses. In these attacks the cybercriminals carry out user credential information and users can fall victim. The current solution against phishing attacks are not sufficient to detect and work against novel phishes. This paper presents a systematic review of the previous and current research waves done on Internet phishing mitigation in different areas of expertise and highlighted phishing attacks types and some existing antiphishing approaches. Further the discussion about novel phishes and identify the elements of issues highlighted. The review can be valuable source of information to find and identify recent gap and challenges to fulfill the security flaws.