PayPal Users Are Falling For This Fake Email Scam

You have officially been warned.

PayPal HQ logo
PayPal HQ The money transfer giant's logo. Image Getty

Email scams are pretty common practice, and web users have become attuned to spotting them over the years.

However, a new fraudulent email, claiming to be from PayPal, has started making the rounds and it has many people convinced and handing over login details.

The scam missive, spotted by Action Fraud, alerts recipients to “unusual activity in your PayPal account”.

“We’re concerned that someone is using your PayPal account without your knowledge.”

This ‘phishing’ scam is designed to retrieve users passwords and break into their PayPal accounts.

The money transfer site issued a statement warning of the scam, which has been pinging across inboxes throughout November.

“‘Phishing’ is a form of web forgery designed to steal your identity, usually for financial gain,” the statement reads.

“It works by using false pretences to get you to disclose sensitive personal information, like credit and debit card numbers, account passwords, or bank account details.

“One of the most common phishing scams involves sending a fraudulent email that appears to be from a trusted company or brand. This email then directs you to a fake version of a well-known website and records any information you enter, such as your password, financial details and more.

“PayPal is committed to helping shut down these sites and ensure that you’re able to spot phishing immediately. We make it our job to keep your identity as safe as possible, online.”

You have officially been warned.

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Loaded digital media manager Simon Reynolds has written about film and entertainment for various leading websites since 2008. Follow Simon at @simonreyn