Beware: Fraudsters are attacking PayPal account holders
If you have a PayPal account, be careful of a fraudulent e-mail that you might receive because it could contain a harmful malware virus that can cripple your computer. The American online payment system provider has given advice on how to avoid it.
Malicious e-mails are sent to PayPal account holders
Some PayPal users claim to have received an e-mail coming from an e-mail address that looks like it really came from PayPal, an article of Mail Online reports. Beware if you receive an e-mail instructing you to fill out a “Data Verification Form” to protect your data from hackers because the word document attachment that you’re about to download is infested with a harmful malware virus. An online security expert revealed that neither PayPal’s e-mail nor servers have been compromised, and that the e-mails with harmful attachments did not come from them.
According to reports, the dubious e-mail varies, some of which uses a subject “PayPal account warning.” The malware only affects computers with Windows operating systems, meaning, it won’t affect your Android, iOS or Mac OSX computers. Regardless of what computer you use, it’s important that you know how to detect a fraudulent e-mail.
PayPal describes what phishing emails look like
Phishing scams have become more effective nowadays because scammers are able to copy the looks of prominent companies, but PayPal gives us an idea of what a phishing email looks like for you to identify it.
- Account-related e-mails that don't address you by your exact account name or if they have any incorrect spelling variations of your name.
- E-mails that contain glaring grammatical errors and confusing words.
- E-mails that have links not similar to what appears when you hover your mouse on it.
- If you are expecting to receive an attachment, carefully examine it before opening it.
- E-mails that give you a false scenario and urge you to act immediately on it.
Your sensitive information and much worse, your finances might be at risk if you fail to detect phishing e-mails. Data breaches related to phishing is expected to cost U.S. $150 million in 2020 according to Juniper Research. In this situation where cybercriminals are targeting PayPal accounts, you may want to consider opening an accessible international account for your online payment needs.