According to this email, my PayPal account has been limited and I only have 24 hours to resolve this limitation.
The email, which has the subject line “recently changed password login”, claims that I can no longer access my PayPal account because it “is in danger from stealing and unauthorized use”. It instructs me to click an “Activate Now” button to deal with the problem.
Despite its appearance, however, the email is not from PayPal and the claim that my account has been limited is untrue.
The email is an attempt to trick me into divulging my personal and financial information via a fraudulent website.
If I click the button, I will be taken to a bogus PayPal login page that asks for my PayPal email address and password. Next, I will be asked to complete an “Account Update” form that requests my name and contact details, my credit card number, and other identifying information.
Scammers would then be able to collect the information I supplied and use it to take control of my PayPal account, commit fraud with my credit card, and possibly even steal my identity.
PayPal phishing scams like this are very common. Be wary of any email or text message that claims that there is a problem with your account and you must click a link or open an attachment to deal with it.
Remember that real PayPal notification emails will always address you by name. They will not omit this greeting. Nor will they use generic greetings such as “Dear User”, “Dear Customer” or “Dear [your email address]”.
PayPal has information about phishing scams and how to report them on its website.
A screenshot of the scam email: