According to this email, which appears to come from PayPal, your account has been closed for security reasons.
Supposedly, PayPal locked the account because someone recently tried to log in from an unfamiliar location. The email instructs you to click a button to activate the account and confirm that it was you who tried to log in. The message includes the PayPal logo and footer copyright information.
However, the email is not from PayPal and your account has not been locked as claimed. Instead, the email is a phishing scam designed to steal your personal and financial information.
If you click the activate account button, you will be taken to a fraudulent website that features a bogus PayPal login box. The website has been built to look like a genuine PayPal page.
If you enter your PayPal email address and password and then click the ‘login’ button, an “account update” form will load in your browser. The form will ask for your name, address, credit card numbers, and other identifying information.
Criminals can collect the information you supplied on the fake website. They can use the information to hijack your PayPal account and commit fraudulent transactions. They can also conduct further fraudulent transactions using your credit card. And, they may be able to use the information they have taken from you to steal your identity as well.
PayPal phishing scams like this one are very common. Remember that genuine PayPal emails always address you by your full name. They will not omit this greeting. Nor will they use greetings such as ‘Hi [email address], or ‘Dear Customer’.
Always login to PayPal by entering the address into your browser’s address bar or via an official app rather than by clicking a link in an email.
You can report PayPal phishing scams via the information published on the PayPal website.
An example of the scam email:
Subject: Your PayPal account has been closed for security reasons
Your Account Is Temporarily Locked.
We’ve locked your account because someone recently tried to log in from an unfamiliar location. Please help us confirm that it was you who tried to log in.
Activate the account now
We appreciate your cooperation and assistance.