PayPal is a very useful payment platform; however, hackers try to exploit the app and steal your information. Kurt 'CyberGuy' Knutsson shows you how to stay safe.
PayPal is considered to be one of the safest ways to pay online, as all transactions are protected with advanced data encryption. However, being that it is such a large and successful company, it is a huge target for hackers to try to steal people's money or personal information. The most common security threats that PayPal experiences come from phishing and identity fraud.
Identity fraud is another security threat that you may encounter if you use PayPal. Hackers may attempt to steal your personal information, such as your Social Security number or credit card details, to engage in fraudulent activities or make unauthorized transactions.You receive a suspicious email or message that looks like it is from PayPal, or you are directed to a fake website that looks like the legitimate PayPal website.
Another scam is you receive an invoice or money request through PayPal, and the scammer has included an alarmist note. The note asks you to call their fake customer service number.A customer sends a PayPal payment that is more than the purchase price of the order and then asks you to wire them the difference.
You receive an order from a customer who asks you to use their prepaid label to cover the shipping charges. By providing the label, the customer controls the destination of the package. They may send it to another country, a PO box, or some other untraceable location. To be covered under PayPal's Seller Protection policy, you are required to ship to the address on the Transaction Details page. The shipping label may also have been purchased with a stolen credit card.
PayPal has put out numerous warnings to their customers to prevent them from getting scammed. Here are some top red flags that you should look out for.if PayPal reaches out to you via email, they will always use your name to greet you at the beginning of the message. This is because they have a record of your account and can easily find your name. A scammer, however, might use something generic like"Dear Customer" or"Hello PayPal member.
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