Scammers Targeting PayPal Users with Scam Emails – Warn Security Experts

Online payment giant PayPal is once again being targeted by cyber-scammers, disclosed security experts recently, as reported by softpedia.com on October 26, 2015.

Interestingly, security firm Comodo freshly intercepted a novel phishing email campaign in which cybercriminals are employing an extremely well-worded phishing notification to dupe users into entering their PayPal account details like email ID and password in a file that comes as an attachment with the email.

The phishing email asserts to be from the support team at PayPal, and alerts users of strange activity in their PayPal account, advising them to revise their profile to confirm ownership of the profile.

The attached file is nothing but an HTML file, that's designed to appear like a certified PayPal website.

Innocent users are conned of not just their simple PayPal details like username and password but also their other critical details that comprise of personal and financial details.

Unfortunately, if cybercriminals have failed to break PayPal servers that are secured by a large number of cyber-security software solutions and bettered over the years with finest security practices, patrons have been hit by multiple phishing operations, each more complicated than the previous one, security experts highlight.

To mitigate phishing incidents of the aforementioned types security pundits recommend some simple security tips. They include...firstly, shun electronic notifications that include urgent or offensive statements, asking you to take immediate corrective steps, as in the above discussed case, the email notifies the user of abnormal activity and advises him to take swift action.

Secondly, the phony email asks for the user's personal as well as financial information, as is in the above mentioned case...where the email demands the recipient to furnish all his sensitive details.

Moreover, with PayPal being a favorite target website of cybercriminals, this is just one of the very many attacks that have been spotted by security experts. Back in August 2015, scam emails claiming to be from PayPal and asserting that it (PayPal) was making alterations in its legal concords and the electronic mail recipient therefore needed to click on the 'Confirm Account' button so as to accept the modifications were identified by security experts.

» SPAMfighter News - 10/29/2015