Do you use PayPal to shop online? Many consumers use it wisely to exchange money when purchasing items from sites like eBay and Craigslist, as it is a great way to eliminate the risk of sharing credit card or checking information with a stranger. Unfortunately, we’ve recently been informed that PayPal users are receiving phony emails claiming that their PayPal account needs updating. Here is an example of what consumers tell us they are receiving:
This is clearly a classic, yet vicious, phishing email where the sender is pretending to be a trusted company in attempt to get (or “phish”) information from the recipient. In other words, if the recipient of the email clicks on the link as they are instructed, the link will likely infect their computer with a virus. Then the email sender will likely be able to take over the end user’s computer and gain the ability to access critical data and possibly steal the victim’s ID.
To protect yourself and your confidential information, BBB suggests you take this opportunity to make a mental note to be very careful if you ever receive a similar unexpected email requesting that you click on a hyperlink to verify or update any account information! If a company sincerely needs your help updating account details, they will not simply send you an anonymous email with a unfamiliar hyperlink…