This type of deceptive practice is designed to your identity by tricking you to disclosing valuable information. This information is like passwords, login, and credit card data. The email is designed to get you to a link in the email that will take you to fake website of that bank or financial institution.
Windows Mail has an intelligent filter that looks at email to detect many of these fraudulent links and to help protect you from this online deception.
You get to the Phishing Filter the same way you get the to the Junk Email option. The only difference is by left clicking on the tab on the top right that reads, Phishing. Then check the box in front of Protect my Inbox from messages with potential Phishing links.

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