According to Banco de Portugal, “phishing” is the most common card fraud in Portugal, whose latest report on payment systems indicates that the rate of electronic payment fraud in Portugal remained at “very low” levels in 2022.
“Phishing” is the name given to a scam in which a criminal poses as a legitimate institution to trick people into sharing sensitive data (passwords, credit card numbers, or other data) in order to embezzle money.
In the latest payment systems report published in April, the Bank of Portugal states that the majority of payment instrument frauds involve cards, in which case the most common fraud occurs when the perpetrator makes a payment order after receiving the user’s payment order. security credentials, which usually happens through social engineering mechanisms such as “phishing”.
Author: Portuguese
Source: CM Jornal
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