Do Not Click on Links to Sign into Your Accounts PayPal Users
March 14, 2017
PayPal users who have received email or SMS Text messages asking them to update or verify their account information should not click on the links in them. They should go directly to www.paypal.com and sign into their accounts, and verify or update their accounts’ information there instead. This is because phishing scams are getting more sophisticated and cyber criminals are finding new ways of tricking potential victims into visiting phishing websites that steal personal information, account credentials and financial information.
Please continue reading below.
Below is a sample of a PayPal phishing scam used by cyber criminals to trick PayPal users into clicking on a link in it that goes to a fake PayPal website that steals PayPal account credentials.
A Sample of a Phishing PayPal Email
From: PayPal firstname.lastname@example.org
Sent: Tuesday, 14 March 2017 1:31 PM
Subject: [Please Note]: You have 1 report
You have 1 report
Verify information & credit card now to upgrade your account to a premium plan to ensure you don't miss out on any reports.
The PayPal Team.
Good luck! Hope it works.
Powered by PayPal
Once cybercriminals have stolen their potential victims’ account credentials, they will hijack their accounts and use them fraudulently. They will steal the account owners’ money and use the accounts to launder money that will be traced back to the owners.
PayPal users can help protect themselves against phishing scams by enabling Two Factor Authentication (2FA). This is a PayPal Security Key that gives PayPal users a second authentication factor when they are logging in to your account. In addition to their password, they enter a One-Time Pin (OTP) that is unique for each login. These two factors give PayPal users a stronger account security. The PayPal Security Key sends PayPal users a temporary security code via SMS that they enter in addition their password when they log into their PayPal accounts. With Two Factor Authentication, even if PayPal users' account credentials get stolen, the cyber criminals will not be able to gain access to their accounts, because they will need a temporary security key that will be sent to the PayPal users' cellphone.
Please share with us what you know or ask a question about this article, by leaving a comment below. And, please report malicious, phishing or scam email messages, social media posts and websites to us using this email address: email@example.com .
Alert and help your family and friends by sharing this article with them:
Other online threat alerts: