PayPal user account information at risk due to phishing scam

Exploit: Phishing attack
PayPal: Online payment platform

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Risk to Small Business: 2.333 = Severe: Some PayPal users are receiving phishing emails purportedly notifying of unusual account activity and requiring users to verify their personal information to restore full account access. The hackers fabricate a sense of urgency by noting that user accounts will be disabled until they confirm their identity. Although the messages contain many tell-tale signs of a phishing scam, they pose a serious risk to PayPal customers and the company’s reputation.

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Individual Risk: 2.428 = Severe: Although recipients have to provide their personal information to be at risk, anyone who responds to this email has compromised nearly all of their personally identifiable information. If that’s the case, they should immediately report the activity to PayPal, as well as to their other financial institutions. Unfortunately, this information can be used to perpetuate more than just financial crimes, and those who were compromised should also enroll in an identity monitoring services to ensure that their information isn’t being misused in other ways.

Customers Impacted: Unknown
How it Could Affect Your Customers’ Business: As we’ve reported on our blog, the latest phishing attack trends have adopted many of the hallmarks of internet security, including HTTPs encryption, to dupe unsuspecting recipients into compromising critical data. Although such attacks are difficult to spot, SMBs can ensure that their employees serve as the first-line of defense by implementing consistent awareness training that keeps employees abreast of the latest trends.

Risk Levels:

1 - 1.5 = Extreme Risk
1.51 - 2.49 = Severe Risk
2.5 - 3 = Moderate Risk

*The risk score is calculated using a formula that considers a wide range of factors related to the assessed breach.


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