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from the I'll-bet-that-they-are-pleased dept.
PayPal Upsets Microsoft as Phishers' Favorite Brand
Several factors edged the world's most popular payment service into the top spot.
PayPal was the most frequently spoofed brand in the third quarter of 2019, unseating Microsoft, phishers' usual favorite, which held the top spot for more than a year, Vade Secure reports.
Microsoft has been the most impersonated brand for five consecutive quarters, or as long as Vade Secure has published its quarterly Phishers' Favorites report. PayPal has consistently been a popular target; however, this year saw an uptick in PayPal attacks. Unique PayPal phishing URLs spiked 167.8% and 111.9% year-over-year in the first and second quarters, respectively. This quarter saw 69.6% growth with 16,547 unique PayPal phishing URLs, or nearly 180 per day.
[...]Phishing campaigns have capitalized on PayPal's popularity. One discovered by Vade researchers targeted more than 700,000 people, primarily located in Europe, with emails threatening legal action and requesting a small amount of money from recipients.
(Score: 2) by Freeman on Thursday November 14 2019, @04:20PM (1 child)
PayPal is the reason why people actually started paying for things online. Sure, there were some people who used their credit card to pay online, but people were a lot less willing to do that back when PayPal was first getting going.
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
(Score: 2) by Appalbarry on Thursday November 14 2019, @09:43PM
I forgot to mention that they also nailed for $8+ dollars!
Yes, way back when PayPal was the thing that made so much of e-commerce feel safe, but it surely has outlived its usefulness.