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PayPal scams

The vast majority of people who have a PayPal account and do any form business online will no doubt at some stage have received a variety of e-mails suggesting their PayPal account has been suspended and they need to login immediately to confirm their username and password. How many of us have actually reply to these e-mails?

This is one of the oldest PayPal scams in the book and has seen many people lose money and lose their business. In simple terms, the chances are that the "PayPal" e-mail that you received is nothing but a cheap con which would redirect you to either rogue sites or else install keypress recording software onto your system. There are a couple of things you must bear in mind when you receive such e-mails which include:-

Does the e-mail address you by your name? The vast majority of fraudulent e-mails will address you as Dear Customer or some other generic form of welcome.

Do the links in the e-mail actually go to the place they suggest? Without clicking on the potentially lethal links in your e-mails, if you hover over any link with your mouse, without clicking, the true address of the link will show in the bottom left hand corner of your screen.

Conclusion

The simple truth is that neither PayPal nor any other financial company will ask you to confirm either your username or password by e-mail. Do not fall into the trap which many have fallen into over the years, to the detriment of their bank accounts and potentially enormous damage to their business. The crooks, once they have your username and password, will simply log into your account and divert all of your money to their bank accounts and leave you with literally nothing.

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