Most recently, series of PayPal, phishing emails have been found circulated around the globe. The most targeted users are spotted as US residents. Since PayPal is a USA company doing business globally and earning revenue over $230 billion a year, this San Jose, California based company is now in the eye of many hackers who attempt every means to get easy access to millions of its clients via Email Phishing attempts.
Hackers gaining access to your PayPal account
The simplest method found is Email phishing attempt. In an email sent to your inbox mentioning that your PayPal account has been limited, the hackers skillfully infused a phishing link that will take you to a site which will look and feel like PayPal but not an official PayPal site. You will then be asked to provide your username and password to resolve your account related issue, which is again a phishing attempt. Once you fall to this and provide your login credentials, the hackers have now gained an authentic access to your official PayPal account. Now, that you have credit card, debit card or bank account connected to your PayPal account, using them to an unauthorized purchase is possible.
How to prevent such phishing attempt?
First of all, you would not click on any link sent to you mentioning that you have a limited access to your PayPal account. PayPal would not just send you an email without you getting involved into any sort of unusual purchase activities. Secondly, you would not just click the link yet to follow it. You rather open a new browser window and manually enter official PayPal address which is https://paypal.com/ and then log in to see if you have any unlikely activity or warning taken place against your account. Finally, you would delete, block and mark that kind of email as SPAM so that your email client would know how to deal with them in the future.