Overview

• McAfee Labs reports a 600% increase in PayPal-related phishing scams since January 2025, marking a significant escalation in cyber threats.
• A dominant phishing campaign involves urgent emails demanding users update account details within 48 hours, risking account suspension if ignored.
• Other common scams include fake gift card offers, fraudulent invoices, and phishing attempts posing as customer support for billing issues.
• PayPal has upgraded fraud detection tools and added fraud reminder notices to global invoice and peer-to-peer payment requests.
• Experts recommend enabling two-factor authentication and verifying all communications directly through PayPal to avoid falling victim to scams.