" PayPal users in lost over £1 million (pound) "
PayPal Holdings Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.
PayPal users in the United Kingdom(UK) lost over £1 million (pound) to fraudsters in the last quarter of 2019 after being tricked into sending goods by fake e-mails.
Crime fighting site Action Fraud says that between October 2019 and December 2019, 3059 crime reports were made bout fake PayPal e-mails. Victims reported losing a total of £1,121,446 during this time.
Firstly, they have targeted those people those who are selling electronics, vehicles, phones and household furniture via online market places. They used to received an e-mail purporting to be from PayPal verifying payment for an item.
The fraudsters typically send a follow-up email requesting a tracking number in the hope that the victim will be rushed into shipping the item before they have had a chance to check the payment.
A spokesperson for eBay, says : "Fraudsters use very sophisticated methods to try and bypass trusted website security and we continuously enhance and update our security infrastructure to tackle new fraud trends. We encourage all members to take precautions that improve the level of security protection on their accounts.
So, at-last but not the least, I would like to say that "Don't get caught by fake payment e-mails and always confirm you've received a PayPal payment before sending an item."
Thank You
Sahibur Rahman.
Crime fighting site Action Fraud says that between October 2019 and December 2019, 3059 crime reports were made bout fake PayPal e-mails. Victims reported losing a total of £1,121,446 during this time.
Firstly, they have targeted those people those who are selling electronics, vehicles, phones and household furniture via online market places. They used to received an e-mail purporting to be from PayPal verifying payment for an item.
The fraudsters typically send a follow-up email requesting a tracking number in the hope that the victim will be rushed into shipping the item before they have had a chance to check the payment.
A spokesperson for eBay, says : "Fraudsters use very sophisticated methods to try and bypass trusted website security and we continuously enhance and update our security infrastructure to tackle new fraud trends. We encourage all members to take precautions that improve the level of security protection on their accounts.
So, at-last but not the least, I would like to say that "Don't get caught by fake payment e-mails and always confirm you've received a PayPal payment before sending an item."
Thank You
Sahibur Rahman.
What you analyse from this??
ReplyDeleteSame as above mentioned, that PayPal has done through unethical practice by sending fake mails to the users which had a great impacted on the users and lead to users loss of money.
DeleteWhat about other online payment app are they doing ethical or not?
ReplyDeleteYes, the other online payment services are going through the ethical values.
DeleteGood job exposing them!!
ReplyDeleteThank you.
DeleteGood content...
ReplyDeleteThanks.
DeleteVery well written and very informative .Great work done by you.
ReplyDeleteThanks for your appreciation.
ReplyDeleteAbsolutely
ReplyDeleteVery informative content and creative thinking keep updating 👍
ReplyDeleteThank you so much.
DeleteGood work...
ReplyDeleteThanks.
DeleteGood
ReplyDeleteThank you.
DeleteNice content but can u please tell me some ethical issues ...
ReplyDeleteYes Of course, Firstly they had been sending fake e-mail to the users which is a very big ethical issue. And secondly due to this the users were in their hand and was in loss of huge amount of money.
DeleteNice topic chosen and well composed
ReplyDeletewell written. however I'd like your views on how to avoid being scammed on similar platforms in India.
ReplyDeleteThank you very much.
DeleteGreat 👌
ReplyDeleteThanks.
DeleteVery well written and good presented.
ReplyDeleteThank you.
DeleteInformative
ReplyDeleteThank you.
DeleteThanks.
ReplyDeleteGud job
ReplyDeleteThanks.
DeleteKeep informing us bro that's really informative
ReplyDeleteSure and thanks for your appreciation.
DeleteI support all the comments but try to give all your mights...that's really helpful
ReplyDeleteThank you so much.
DeleteGood job brother ..and yaah very informative as well
ReplyDeleteThank you for your appreciation.
DeleteIt is mistake of people,government or company itself? What do you think ?
ReplyDeleteglad to know about this ..thank you very much
ReplyDeleteYou are welcome. And thanks for your appreciation.
DeleteThanks a lot for such a valuable information
ReplyDeleteThanks for your appreciation.
DeleteYes I agreed. That's becoming quite unfair. Better to be careful from....
ReplyDeleteYes absolutely.
DeleteThese kind of information have been really helpful. Would like to see more
ReplyDeleteThanks for your appreciation.
Deletenice information.....keep us updating...thanks for such information
ReplyDeleteThank you so much.
DeleteGood...
ReplyDeleteThanks.
DeleteThat's quite useful. We must be careful from....
ReplyDeleteYes. Of course.
DeleteThank you for this helpful article
ReplyDeleteYou're Welcome.
Deletethanks for updating
ReplyDeleteYou're welcome and keep supporting further.
Deletethanks for updating
ReplyDeleteYou're welcome and keep supporting for further updates.
Delete