Is that PayPal email a phishing attack?

PayPal is used for online financial transactions and is one of the world’s most popular online payment methods. Around 392 million people and businesses have an account with them, including me!

Sadly, cyber criminals know popularity means greater opportunity.

Internet researchers have found that PayPal was the most impersonated business in financial phishing attacks last year.

Almost 2 in 5 of all attacks pretended to be from the company, that’s a scary statistic

There’s a big risk to your business if an employee falls for a phishing scam of any type.

The process usually starts with an email from PayPal or your bank that will look genuine at first glance. It will ask you to do something simple, such as clicking a link to update your details, or verify a transaction

The page that opens will look like the real website… but it’s not. It’s a spoof site, albeit a very good one usually.  Once you’ve entered your login details, they’re stolen by the attackers.

Ask your team to look carefully at emails like these. Sometimes there are grammatical errors, or the link will look suspicious. You can check this by hovering your mouse over the link

If in doubt, type in the usual website address into a browser and login that way.

A few seconds of checking the small details could save you the disaster of money being stolen from your business’s bank account.

If you’d like us to review your defences against phishing emails, please get in touch.