Home > Our Products > The Latest Online Shopping Scam for the Holiday Season: PayPal Phishing

The Latest Online Shopping Scam for the Holiday Season: PayPal Phishing

Online shopping was expected to hit peak this month and the recent trends point to the same. The number of people who are using their credit cards and other banking options to shop online are increasing exponentially during the holiday season. So, it is not surprising that cybercriminals are also stepping up their efforts to make sure that they make their presence felt during this time. A recent survey noted that the volume of malicious software on the World Wide Web is among the highest recorded in the past 6 months.

Recently, hackers have come up with more than one unique way of targeting unsuspecting internet users. So, we can never know what sort of threat you are going to face when you log into the online shopping website the next time. However, one of the most noteworthy types of attacks this holiday season has been the PayPal phishing scam. It seems that the users in Australia are being targeted the most with this scam, but Canadian and United States users have also been targeted occasionally.

Online Shopping Scam

PayPal Phishing

 

What is Phishing?

Phishing is a type of social engineering attack where the hackers create bogus emails and web pages to glean personal information. The information can be anything from your login details to your email ID to that of your online bank account. These web pages or emails that are used by phishes are designed in such a way that they look genuine. But on closer inspection, you can recognize the anomalies in the page and make out that it is a fake page.

Internet users are not very careful while using their online bank accounts or debit cards for shopping. They are more eager to get the shopping done with. It is this hurry that is undoing their security cover. Keep in mind that a little care will go a long way in ensuring that you don’t fall victim to phishing attacks. Rather than worrying about how to shop without being tracked , online shoppers should think about how to shop without being scammed.

How Does PayPal Phishing Work?

One thing that you must keep in mind about PayPal phishing is that there is no one mode of attack. Researchers have noticed that cyber criminals are using more than one mode of attack in this particular scam. A couple of them have been used most frequently.

The most used mode is where you are sent an email saying that your receipt to a particular order has been acknowledged and the order has been acknowledged and processed. In reality, this would be an order you would have never placed. Then, there will be a link that says ‘click here to cancel order’. You wanting a refund will click on that. The portal will ask your login credentials to process the cancellation request and voila, your details have been willingly provided to the hacker.

Another mode of attack is where you will be shown an embedded link that says one click payment registration. You know online payment can be cumbersome at times and your laziness will make you click on that one click payment link. There, your details will be requested saying that this is a onetime procedure and you enter your login credentials. The details will then be relayed to the hacker.

Admit If You Are Scammed and Be Careful

There is a certain dogma associated with being scammed online and people are reluctant to admit it. There is nothing embarrassing about being scammed and if you admit it, you might get tips that will help you in the future. Even if you get a shred of doubt while shopping online, don’t proceed no matter how good the deal you are buying is. Remember, if it is too good to be true, it is not good in all probability.

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