How do phishing scams exploit international money transfer services?

Phishing scams exploit international money transfer services by tricking users into providing personal information such as bank account details, login credentials, or credit card information through fake emails, websites, or messages designed to appear legitimate. Once scammers gain access to this sensitive information, they can fraudulently transfer money from the victim’s account.

To protect oneself from such scams, users can take the following precautions:
1. Be cautious of unsolicited emails or messages requesting personal or financial information.
2. Verify the legitimacy of the sender by checking the email address or domain.
3. Avoid clicking on links or downloading attachments from suspicious or unfamiliar sources.
4. Use strong, unique passwords for all online accounts and enable two-factor authentication where available.
5. Regularly monitor bank statements and account activity for any unauthorized transactions.
6. Install and maintain up-to-date security software on devices to help detect and prevent phishing attempts.

Remember to stay vigilant and verify the authenticity of any requests for personal or financial information to avoid falling victim to phishing scams.