Home Consumer Warning As PayPal Cyberattacks Continue—What You Need To Know

Warning As PayPal Cyberattacks Continue—What You Need To Know

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© Nopparat Khokthong | Dreamstime.com

By Davey Winder

Hot on the heels of what has been called a phish-free cyberattack against PayPal account holders, cybersecurity experts have warned of ongoing attacks and PayPal has advised users how to keep their accounts and money safe. Here’s what you need to know.

PayPal is certainly not alone in being targeted by cybercriminals of all flavors, with the FBI remotely deleting malware from thousands of U.S.-based computers, Trump’s Truth Social platform hit by scammers, and Amazon users targeted by a “recovery impossible” ransomware threat. However, given the high profile of the online payment platform, it should come as no surprise that hackers and scammers have PayPal accounts in their crosshairs.

“PayPal has become a prime payment platform, not just for consumers, but for scammers too,” Milan Bosman, commercial director at Hypernode, said, “cybercriminals are increasingly taking advantage of the reduced vigilance that comes with the excitement of a great deal.” Cybersecurity experts from the managed e-commerce provider have warned of ongoing attacks that PayPal users need to be aware of in 2025.

Faith Based Events

Problems with your account: these phishing scams impersonate official PayPal communications and work to leverage fear that an account could be suspended. The ultimate payload is account takeover through credential theft.

Order confirmation scams: these leverage fear of money being taken out of an account by claiming a large purchase has been made and confirmation is needed to authorize funds. Payload? Yep, you guessed it, account takeover through credential theft.

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