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The tactics of cybercriminals change over time, but causing fear and panic is one of the most reliable methods they use to deceive. This is the case of a new PayPal scam that can bypass past phishing attempts and steal people’s accounts if they aren’t careful.
A new PayPal Scam tricks people into sharing their account
As seen from the Fortinet’s CISOthis new scam takes advantage of a Microsoft 365 test domain, which scammers can use for three months for free. They can then use this domain to build a target email distribution list that they want to scam. Because the domain is a part of Microsoft 365, it is much more likely to dodge automatic phishing checks than normal.
When the list is ready, tell PayPal to send a request for money to the entire distribution list. The scammer will usually ask for a large amount of money, causing panic because someone is asking for a huge amount.
As part of the payment process, PayPal automatically links your account with the requester as soon as you log in. It says this on the page itself, but given that you care why someone is asking you for $2,185, you probably win. don’t see The moment you log in to dispute the claim, you link your account to the scammer and give them access to it.
Fortunately, dodging this scam is quite simple. If you see that someone has asked you for a huge amount of money, do not panic. PayPal does not automatically take money from your account if you do not respond. You can instead ignore the email and the question and get on with your day. And if you want to learn more about keeping your funds safe, check it out these PayPal scams to watch out for.
