Right next to where the zone is shown are a series of six boxes. I always figured it was some UI anomaly caused by the fact that the would occasionally display some status in one of them: the phishing filter status while the page is loading. However, it turns out that four of the six are actually buttons. If you click the right-most one you get the Phishing Filter settings.
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I am not a big fan of IE. Because I am on FF browser most of the time. And I am not aware of these hidden buttons as mentioned. But I am now, thanks to you guys. Will try those buttons now.