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Scary scam hitting PayPal users

Scary scam hitting PayPal users
© Oleg Dudko | Dreamstime

PayPal phishing schemes are nothing new. The popular payment service has been known to be impersonated often by online scammers hoping to steal user login credentials.

These schemes usually start by claiming that you need an additional approval for a purchase to go through and prompts you to log in to the site to confirm your identity. These types of scams are notorious among online shoppers and security experts, which is why the level of maliciousness in the most recent scam caught many people off guard.

So what is the big fuss about with this new online scheme?

Unusually pernicious PayPal phishing scam

It starts by claiming that there has been an unauthorized change to your billing information. Startled users who follow the provided link to "change your password" are subsequently deceived into providing their account information to the scammers.

Usually,  phishing scams use tricky sounding emails to fool you into believing they are a popular brand, this scheme is different. Somehow, emphasis on "somehow," hackers have been able to send this phishing scam through an official PayPal email address. This not only makes the scheme impossible to recognize, it means that it will not automatically go to the spam folder on most email providers.

The next alarming aspect of this scam has to deal with the amount of information that scammers can gain from their defrauded victims. Not only do users forfeit their login credentials to the hackers, they are also giving up their home address, credit card information, banking data, passport information, and drivers license information. Frightening, isn't it?

Don't get tricked

A great way to avoid phishing scam emails is to not follow the links they provide. If you get an email, even from a legitimate looking source, don't follow the link in the email, instead, navigate to the official site manually through your browser. This eliminates all risks associated with the link in your email being a possible fraud.

In this case, navigating to the PayPal official website manually will eliminate all possibility of being scammed. If your account has truly been compromised you will know when you try to log in, if it hasn't you can report the phishing scam to the PayPal team.

You won't get scammed and you can help by alerting others, it's a win-win.

Delete these PayPal and Amazon emails immediately! They're phishing scams

Take a look at some of the past phishing scams, many of which are still in circulation today.

Click here to learn what to look for.

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Source: HackRead
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