Matt Langley of Integrated Computer Enterprises Limited informed yesterday that any PayPal account could be breached in just 30 seconds, due to a password recovery system vulnerability.
Today it has been revealed that PayPal accounts are safe after all. What Langley had initially thought to be a major security issue turned out to be just a trifle.
“It seems that the ‘victim’ had opened an account using an email address of mine, with extra characters thrown in, which Gmail ignores and accepts as the same email address, so it was Gmail which uncorrupted the email address and sent the emails to me, not PayPal”, Langley explained his error.
Google’s email service let’s people insert dots in their email addresses, which means that users can use the same email address to create multiple PayPal accounts. This is possible because a single dot can make PayPal perceive an already used email address as a different one.
However, the news has made some people worry whether their PayPal accounts are indeed safe.
Here are a few Tips to avoid PayPal scams:
1.Open a new browser every time you need to access PayPal’s website and log in to your account.
2.Pay attention to email greetings. PayPal always address its customers by their first and last name or the business name associated to their PayPal account. Any other email claiming to have been sent by PayPal but includes inappropriate greetings such as “Dear PayPal member” is definitely a scam.
3. Never download attachments allegedly sent by PayPal. The company will never ask its customers to download attachments or software programs. Such attachments will most likely contain a virus aimed to compromise your account or computer.
4. Never reveal vital personal information. PayPal always notifies its customers prior to asking them to reveal personal information. The system will demand users to enter the information only after a secure connection has been established between the company’s computers and the users’ computers.
5. PayPal scam usually ask users to give out information such their full name, account password, credit card number, bank account, PIN number or Social Security Number. Do not reveal these pieces of information.
6. Always update your browser and use the latest browser version. This is one of the best ways you can protect both your PayPal account and you computer.
To update Internet Explorer 8 or 9, go to Microsoft’s official webpage and download the latest browser version. For Opera , go to Help and then Check for Updates. For Safari, go to System Preferences and then Software updates.
Chrome and Firefox should update automatically, unless users have disabled this option.