Phishing is a common type of cyber attack where the goal is to steal sensitive data like your login information for financial gain.
Phishing is an attempt by malicious actors to obtain your sensitive information (such as usernames and passwords) by disguising themselves and making you believe they are a trusted institution like VALR. This information is then used to access your account and steal your funds.
In essence, a phishing attempt will try to get you to provide your sensitive details voluntarily by making you believe you are communicating with VALR, when in actual fact you are giving your information to a malicious actor.
Phishing practices can use different forms of communication such as emails, SMS text messages, Whatsapp or Telegram messages, social media posts or online advertisements.