Phishing scams are one of the most
common types of fraud faced by the company's customers payment system. Phishing attacks occur when scammers create fake web pages or emails that look like pages or messages from legitimate companies, including payment processor companies.
Fraudsters may ask customers to enter their personal details such as login, password or credit card number and use these details to gain access to customer financial accounts,
To prevent phishing scams, customers should be careful when opening emails and never enter their personal details on pages that look suspicious.
In addition, the payment system company may provide additional security tools, such as two-factor authentication, which allows customers to verify their identity based on several different factors, such as a password and an SMS code.