Here we go again—another PayPal report from security researchers, warning of a risk to users from thieves. This latest scam has reportedly now claimed thousands of victims and millions of dollars. As tech savvy as you might be, this scam’s devious social engineering twist has the potential to dupe the best of us. Take the advice below, safeguard your accounts, and don't be next.
The issue has been brought to light by the ever-diligent researchers at CyberNews. The team says it wants to expose security issues that put large numbers of users at risk. A few weeks ago, I reported on their last PayPal research, a “critical login hack,” where an attacker was able to defeat some of the platform’s protections. Between then and now, CyberNews exposed the leak of U.S. online dating data, which put “millions of women at risk.” And now they’re back with another PayPal issue, one that users need to be aware of, to ensure they don’t fall victim.