New PayPal Security Warning—$2,000 ‘Phish-Free’ Attacks Ongoing

Paypal Phishing News

New PayPal Security Warning—$2,000 ‘Phish-Free’ Attacks Ongoing
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A new PayPal phishing attack has been confirmed with a critical twist: it’s phish-free. Here’s what you need to know.

Update, Jan. 11, 2025: This story, originally published Jan. 9, now includes comments from a number of security experts as well as a statement from PayPal and further background information regarding phishing mitigation for users.not a phishing attack? That is the question posed by Fortiguard ’s chief information security officer after he was targeted by a new attack using a legitimate PayPal feature from a legitimate address with a seemingly legitimate URL as well.

Experts at managed e-commerce hosting provider Hypermode have also warned of other common PayPal scams that users should be sure to be aware of:The Order Confirmation PayPal ScamBy way of background, PayPal told me that it takes all the necessary steps to protect customers as scammers continually evolve their attack methodologies. This involves a number of things, used in combination, such as manual investigations and technology-led protections.

Email is one of the most common vectors for cyberattacks, including phishing, malware, and ransomware, and it's crucial for companies of all sizes to have a solution that covers email security. “Neglecting email security can expose a company to significant risks, including data breaches, financial losses, and reputational damage,” Spencer Starkey, the executive vice president for the Europe, Middle East and Africa region at SonicWall, said.

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