- The UK police warn PayPal users regarding fake crypto emails.
- PayPal urges users to report any suspicious email or website.
Northumbria Police urged PayPal users to be alert and report fake PayPal crypto email scams. The warning came via its official Twitter account stating the bad actors are pretending to be PayPal’s help service.
A message for all #PayPal users. Please read the below cyber advice regarding fake cryptocurrency from a fake Paypal email address that is circulating. If you think you may have been affected by this please contact @actionfrauduk 🚨 pic.twitter.com/hMsqqmrJmk
— Northumbria Police (@northumbriapol) November 9, 2020
The UK police are advising all that have been affected by this to contact action fraud UK immediately. As per the police, the circulating crypto phishing emails are mainly targeted at PayPal customers.
Presently, fake PayPal’s emails are circulating over the Internet. In particular, the cybercriminals are offering to cancel payment to a cryptocurrency exchange that has been made via PayPal.
Therefore, clicking a link redirects victims to a fake PayPal web page. Afterward, the page will then attempt to steal credentials and credit card information.
Phishing scams involve sending an email that fraudulently claims to be from a well-known company (like PayPal).
Thus, if you believe you’ve received a phishing email, forward the entire email to firstname.lastname@example.org. PayPal will look into it. Also, it will send an email to let you know if it is indeed fraudulent. In the meantime, don’t click any links or download any attachments within the suspicious email.
Earlier, the payments company announced support for Bitcoin, Ethereum, Bitcoin Cash, and Litecoin cryptocurrencies. Furthermore, PayPal disclosed its plans to expand crypto services globally. Moreover, it aims to support the central bank digital currencies (CBDCs) in 2021.
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