The email message below with the subject: "Account Status Update. Log in to your paypal as soon as possible," is a fake PayPal email notification. The fake or phishing PayPal email message was sent by cyber-criminals to trick PayPal users into clicking on a link within it, which will take them to a fake or phishing PayPal website. The fake website will then attempt to steal their PayPal credentials and credit card information. So, it is important that you remember never click on a link to sign into your PayPal account.instead, always go directly to www.paypal.com.
The Fake or Phishing PayPal Email Message
Subject: Account Status Update. Log in to your paypal as soon as possible
Dear Customer,
You recently tried to pay with PayPal but the transaction was declined because:
Your credit or debit card provider did not allow the payment to go through.
If you have another card added to your PayPal account, just go ahead and complete the transaction using that. Or you can add another card now.
Add card
Yours sincerely,
PayPal
The link in the fake email message goes to a fake PayPal website that was designed by cybercriminals to trick their potential victims into entering their PayPal username, password and credit card information. If the requested information is submitted by the potential victims, it will be sent to the cybercriminals, who will use it to steal their money and use their accounts fraudulently.
If you are tricked into submitting your PayPal credentials and credit card information on the fake web page, please change your PayPal password immediately and contact your bank and let them know that you have submitted your credit card information on a phishing website.
Remember, never click on a link to sign into your PayPal account, always go directly to: www.paypal.com and login from there.