Earlier quoted context omitted.
Security risk in what? Users not paying attention to the URL bar?
Suppose I send you a link to a page I own. I start this thing on said page and track what you do with the rest of the session on the off-chance that you do something sensitive with it. It's like a single-tab key/screenlogger. Combine this with traditional phishing methods (which already work) and you might get valuable data. It's going to be at least as effective as current phishing methods, with the added advantage…
Often, it's the "sounds plenty dangerous" innovations (fire, automobile, chainsaw, theory of relativity), that provide the most utility.