Consumer Alert: BBB warns of fake PayPal phishing email
The Better Business Bureau is warning about a new email scam that targets PayPal users.
The email looks like it’s from PayPal, confirming a foreign transaction.
“I think this phishing email is extremely effective because PayPal is a well-known, trusted brand,” said Paula Fleming, chief marketing officer of the Better Business Bureau Serving Eastern MA, ME, RI and VT.
Fleming said scammers want you to click “Cancel Order”
“Well, the email is foreign, so obviously you want to cancel the order,” said Fleming. “What happens is when you click on that button, they get into all that personal information -- it's called phishing.”
The “Cancel Order” button is actually a link that can install malicious malware.
The malware gives scammers a portal into your computer or tablet, where they can hunt for personal information, bank account numbers and passwords.
Fleming said the Better Business Bureau Serving Eastern MA, ME, RI and VT has received at least a dozen complaints this week.
PayPal is aware of the scam. Unfortunately, they can't do much to stop it.
During the holiday season, online shoppers are urged to look over every email carefully.
“It is unfortunate that it is going to continue to increase over the holiday season,” said Fleming. “It's very hard to shut these types of things down.”
If you receive a similar email, report it here