How do phishing attacks exploit payment gateways to intercept transactions or steal cardholder data?
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Phishing attacks exploit payment gateways by tricking users into providing their sensitive information, such as login credentials or payment details, through fraudulent emails or websites that mimic legitimate ones. Once the attackers obtain this information, they can either intercept transactions in real-time or use the stolen cardholder data to make unauthorized purchases. This type of fraud can result in financial losses and compromise the security of individuals and businesses.