Phishing Threats: Phishing Mails Strike PayPal Customers

Sunday, March 22, 2015

Phishing Mails Strike PayPal Customers

PayPal customers are again and again targeted by Phishing emails.

The mail reads:
""Subject: Your account has limitation! You can resolve this now," the fake electronic mail directs its recipient to validate his e-mail id to update to PayPal's system. It then states that once the validation is done, the recipient can use the id for getting payments from relatives and pals. Over and above, the recipient can make the id his key id for any business he may conduct with PayPal. A link 'Confirm My E-mail Address' is included with which the e-mail ends. - See more at: http://www.spamfighter.com/News-19523-Phishing-E-mails-Yet-Again-Strike-PayPal-Customers.htm#sthash.WNcKeqMI.dpuf "

http://www.spamfighter.com/News-19523-Phishing-E-mails-Yet-Again-Strike-PayPal-Customers.htm

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Phishing Threats

Computer users receive emails from their bankers or employers, or from utility companies or other institutions or organizations they deal with or even from friends on facebook or twitter, asking for updating their personal information by clicking on links provided in the mail. They take it for granted that these are genuine mails and in good faith click on the links. The phishers who are organized criminals redirect the users to malicious websites and harvest their personal information. The users ultimately become victims to identity theft, financial frauds and even more serious crimes leading to blackmail, murder, and so on.

Phishing attacks engineered by criminals through the medium of phishing emails ultimately lead to loss of consumer confidence in online transactions that include financial transactions and social interactions through Facebook and other social networking sites.

This is an attempt to survey the phishing threat landscape, to identify the criminal groups and their modus operandi and to understand the impact of phishing on online users.