Phishing for Paypal Accounts

A warning to those who uses Paypal and other payment processors. Never trust your emails ALWAYS! This is the golden rule of the net. Well, actually, this is not something new, but for those who are new to the Internet, take heed if you don't want to cry yourself to the bank as the lowlifes of the net part you with your money.

So, you may wonder what exactly am I talking about here. To make the long story short.. I'm here to warn you that spammers (a.k.a. scammers/lowlifes) are taking advantage of the Internet (emails) to hack into payment processors. For now, they seem to usually target Paypal Accounts since this is the most widely used payment processor.

What exactly do they do?

How do they hack into Paypal Accounts? Normally, Paypal is protected by a Secure Connection called SSL (Secure Socket Layer) so every transaction between the User and Paypal is invisible to outside entities, that of course, includes your passwords, bank information, credit card information, etc. Your account is safe with Paypal so as long as you do not give your Paypal Account to anyone (and I do mean anyone). Paypal is resistant to hackers on itself, but the user is not. Cyber criminals (calling themselves hackers) uses methods to make money the laziest way by spamming your emails with unsolicited emails. Most of these scumbags use robots to deliberately sent email on multiple email accounts, hoping that someone actually reads them. Most of these garbage usually fall into the semi-thrash category of your email (ie. Bulk, Spam, etc.), but sometimes, they land into your Inbox. They usually came to you with a warning, something like "Your paypal account will suspended if you do not log into your Paypal Account or your Paypal Account has been suspended." This email usually comes with a link that is almost identical to the Paypal link, and if you're not careful, you might use their link, which of course sends you directly into a dummy Paypal Account. The dummy site looks exactly like Paypal's site, but in reality, this is not Paypal, you'll know it if you carefully look at the url address, it's not even Paypal's url. All this site does is obtain your information. If you login into this site using your Paypal Account, then you're in big trouble, you have just given them your Paypal Account information. With it, they can now access your true Paypal Account, and of course, make money transfers that cannot be undone.

The technique they use is called Phishing. Yes, they will be fishing for your money. The lowlifes behind these dirty method don't have any regard with your hard-earned cash. All they wanted is to feed their lazy asses, and you don't want them to get your money, or you'll be feeding these pigs.

Any Victims?

A number of users have already fall victim to this method. Personally, I hate people who take advantage of others, moreover, their poop stinks on my email (spam) folder. Let's hope that they get caught soon. By the way, we can speed up the process by reporting them to Anti-Phishing Sites. This should lessen the scums on the net.