Payment applications make splitting restaurant bills, taxi fares, and household expenses so much easier. Without having to tally totals at the table or fumble with crumpled bills, you and your companions can spend less stress and more time on the fun at hand.
There are various payment apps available, and the company that may first come to mind is PayPal. PayPal is regarded as a safe platform where security and strong encryption are a priority; however, a recent and advanced phishing scam is putting PayPal users at risk of giving up large sums of money and their personally identifiable information (PII).1
Let’s look at this “triple-pronged” PayPal phishing scam and review some tips to help you identify and proceed should you encounter it.
1. The Email
The typical part of this three-sided scam is the phishing email component. According to one source, the phishing email comes from a legitimate-looking PayPal service email address. Luckily, the typos, odd punctuation, extra spaces, and grammar errors in the body of the email give away that it is a phishing attempt. Remember, phishing emails are often worded poorly or have errors. Large companies, especially ones like PayPal, have teams of content experts vetting all automated messages for such mistakes, so several mistakes in an email should set off your alarm bells. Proceed with caution and do not click on any links in the message.
The email also included wording that encouraged the user to act quickly or be charged a lot of money. That’s another trademark of phishing emails: urgency. Take a deep breath and make sure to reread car ..
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