PayPal users, please be on the lookout for phishing email scams like the one below, which claims that your credit card has expired and you should click on a link within it to update your information. The email message was not sent by PayPal and is a scam created by scammers to steal your PayPal username, password and your credit card information.
The PayPal Phishing Email Scam
Subject: Acoount Info Changes
Your CreditCard info changes in your PayPal account
Dear PayPal customer,
Your CreditCard has expired. Since it's the only payment method in your account, you'll need to update your card information to continue using PayPal. Please update your card's expiration date and card security code (CSC) as soon as possible. Update card details
You can always add a new card, too.
If you follow the instruction in this scam, you will be taken to a fake PayPal website and ask to sign-in with your PayPal username and password. You will then be asked to update your credit card information by entering it on a bogus PayPal page.
All the information that was entered on the bogus PayPal pages, will be sent to the cybercriminals behind the scam. Once they have your PayPal credentials, they use it to hijack your account and use it for fraudulent purposes. This includes stealing money from your account, using your PayPal and credit card to make fraudulent purchases.
If you have already entered your PayPal user name,password and credit card information on the fake website, please change your PayPal password and contact your bank immediately.
Please note that PayPal will always address you by your name, and will never refer to you using the following:
- Dear PayPal customer
- Dear Valued Customer
- Dear Member
- Dear User
To avoid getting tricked by these phishing scams, never click on a link in an email message to sign into your PayPal account. Always go to www.paypal.com and sign into your account from there. PayPal will display important messages or notifications to you once you have signed into your account.
This PayPal phishing scam is similar to the following: