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After the IT revolution, nobody, no matter wherever he is using an information system can avoid cyber attacks. Though prevention against such crimes is possible through tools like IDS, Firewalls, Anti viruses and Encryption techniques etc. but, in a modern warfare, knowing the enemy is important in order to nullify the chances of future attacks. Honeypots are one of the techniques aimed at collecting information about the attacker by entrapping him in such a way that he does not know about it. The paper gives a brief overview of types of Honeypots, their implementation mechanisms and current state of technology in Honeynets.