If the requested information is submitted, it will be sent to the scammers behind the scam, who will use it to gain access to their victims' online accounts, which they will use fraudulently, and steal their identities and money.
The Fake American Express Email
Subject: American Express Security Notification
Confirmation of Your Phone Number Update
Dear Card Member,
We're writing to you because we recently received a request to change the phone number on the account referenced above through americanexpress.com. For your security, we are confirming that you made this request.
If you did not request to change the phone number on this account You can review your updated phone number at [Link to fake website]
If you requested this change, you don't have to take any action. Kindly Ignore this message.
Thank you for your Card membership.
American Express Customer Service
If you were tricked into entering the requested information on the fake American Express website, please change your password immediately and report it to your bank and the police.
Now, if you are unable to change your password please contact American Express or your bank immediately.