The scammers are at it again, and this time they are attacking people through PayPal. Some banks have noted that as many as 50 prenotes have come through from PayPal on users accounts. A prenote is a zero dollar test to verify a user's bank account information.
PCRisk reported earlier this year there was an increase in phishing targeting consumers to collect their PayPal credentials. The timing is right for fraudsters who have harvested credentials to start using them for fraud.
Text phishing is also high to collect consumer identities to open new fraudulent PayPal accounts.
Please stay vigilant and check your accounts for any unusual activity. If you have a PayPal account we would also recommend updating your password for an extra level of security. If you see any suspicious activity in your account please contact us immediately at 1-866-996-9828.