*PayPal users falling for official-looking email scam

TechViews.org   …..

Phishing scams are ever popular with cybercriminals. They try tricking their victims into clicking on a malicious link, which results in the scammer stealing credentials, personal data and even money.

These phishing attacks are usually sent by the scammer in an email. The latest attack making the rounds is targeting a popular online payment system.

You could find a scam email that was recently sent to your inbox claiming to be from PayPal. It’s an official looking email sent by scammers, trying to get you to click on a malicious link.

The email begins by warning the reader that someone is using their PayPal account without their knowledge. It claims that there has been recent activity on their account from a suspicious location. They are then supposed to click on a link to confirm your account.

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*PayPal users falling for official-looking email scam

By Mark Jones   …..

Phishing scams are ever popular with cybercriminals. They try tricking their victims into clicking on a malicious link, which results in the scammer stealing credentials, personal data and even money.

These phishing attacks are usually sent by the scammer in an email. The latest attack making the rounds is targeting a popular online payment system.

You could find a scam email that was recently sent to your inbox claiming to be from PayPal. It’s an official looking email sent by scammers, trying to get you to click on a malicious link.

The email begins by warning the reader that someone is using their PayPal account without their knowledge. It claims that there has been recent activity on their account from a suspicious location. They are then supposed to click on a link to confirm your account.

Continue reading

*Wells Fargo fined $185Mill for fake accounts; 5,300 were fired

by Kevin McCoy

Wells Fargo Bank, one of the nation’s largest banks, has been hit with $185 million in civil penalties for secretly opening millions of unauthorized deposit and credit card accounts that harmed customers, federal and state officials said Thursday.

Employees of Wells Fargo (WFC) boosted sales figures by covertly opening the accounts and funding them by transferring money from customers’ authorized accounts without permission, the Consumer Financial Protection Bureau, Office of the Comptroller of the Currency and Los Angeles city officials said.

An analysis by the San Francisco-headquartered bank found that its employees opened more than two million deposit and credit card accounts that were not authorized by consumers, the officials said. Many of the transfers ran up fees or other charges for the customers, even as they helped employees make incentive goals.

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*Why you can’t trust your bank balance in the smartphone era

by Lauren Gensler  …..

Before heading to Lowe’s one Sunday, Sheryl Rudder checked her bank account balance online. It said $600, she recalls. That was more than enough to pay for the lumber she needed to repair her barn. But when she swiped her debit card at check-out, it was declined for insufficient funds.

“They were saying I was minus, but I couldn’t see it,” says Rudder, 62, who stood at the register for 30 minutes, embarrassed, while she was on the phone haggling with Wells Fargo.

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