Hacker Uses Credential Phishing to Gain Access Into PayPal Account

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Analysts from Cofense Phishing Defense Center recently found a unique PayPal credential phishing attack. Phishing is a harmful technique that hackers use to steal sensitive information like banking information, credit card data, usernames, and passwords. The actors pretend to be genuine individuals to lure victims by gaining their trust and stealing their personal information. Even worse, the confidential data stolen through phishing attacks can be used for identity theft, financial theft to gain illegal access into victim accounts, or use this account access to blackmail the victims. 

Because credential phishing is generally conducted through a simple URL link, it is easy to ignore exaggerated or subtle tactics that hackers use to steal credentials from innocent victims. As per the experts, the attack isn’t very sophisticated and doesn’t seem suspicious. Cybersecurity Analyst Alex Geoghagan said that the email may compel the victim to try finding the solution to the problem quickly. The hacker didn’t even bother hiding ‘from’ email address, which was later identified as not actually being from PayPal. But, the e-mail was very well put together and no one would’ve thought it as a fraud.