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New Phishing Wave Targets PayPal Users With Fake 'Account Restricted' Emails

Consumer advocates urge verification only via PayPal’s official website or app.

Overview

  • German consumer groups and tech outlets report a surge of spoofed emails claiming PayPal accounts are limited or locked.
  • Messages typically come from dubious sender addresses, use generic greetings and attempt to create urgency to harvest logins.
  • Submitting details on the linked fake pages can lead to unauthorized withdrawals, identity theft and further fraud.
  • Guidance from experts is to avoid clicking any embedded links, access PayPal directly to check status and mark the email as spam.
  • Reports note no sign of a breach at PayPal’s systems, and the company maintains a help page explaining common scams and next steps.