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PayPal Urges Internet Users to Watch Out for Phishing Scams

In the light of rising phishing scams that pose a severe threat to the UK credit card users, online payment service 'PayPal' has made a strong response.

PayPal warns that Internet scammers are employing increasingly advanced methods of phishing so that they may grab people's credit card information.

Explaining 'phishing,' PayPal says it involves a fraudster who dispatches a tricky e-mail to make the recipient trust the sender and reveal personal information to him. Furthermore, the message often appears to have come from the bank of the potential victim that directs him to click on a given web-link and furnish his details such as those relating to his credit card, adds PayPal.

Garreth Griffith, Head of Risk Management at the UK-based PayPal, says that as increasing number of people in Britain rely on online banking, it is extremely vital that they remain on guard every time they perform a financial deal online to keep themselves safe from falling prey to a fraud or scam, as reported by Cardsmart on June 15, 2009.

Trying to tell the difference between a phisher's e-mail and an e-mail from legitimate institution, PayPal says that the former invariably describes his message as urgent for the recipient. Therefore, anyone receiving such an e-mail, which raises doubt about its authenticity, should not follow the link, Griffith added.

PayPal's security alert follows a survey that security company CPP recently conducted, according to which, 77% of the UK nationals had been targets of phishers and out of every 10 British end-users, nine couldn't differentiate a phishing message from a genuine e-mail, despite placing them alongside.

Finally, PayPal urges Internet users, utilizing online payment facility or any Internet service, to be acquainted with all the ways that would protect them if they fall into a phishing trap. Conmen unleash novel and advanced attacks whenever they strike; therefore, it is vital for users of online facilities to know the differences between a legitimate website and phishing site. In this way, users can keep themselves ahead of scammers and safeguard their financial details and personal identity.

Related article: Paypal – Web Hosting Services Need To Work Hard To Tackle Phishing

» SPAMfighter News - 6/25/2009

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