PayPal Alerts Consumers to Phishing Scams and Encourages Safety Tips
PayPal Alerts Consumers to Phishing Scams and Encourages Safety Tips |
[15-October-2025] |
During National Cybersecurity Awareness Month, the company spreads awareness to help people spot and avoid socially engineered phishing scams. SAN JOSE, Calif., Oct. 15, 2025 /PRNewswire/ -- As trusted leaders in customer protection, PayPal Holdings, Inc. (NASDAQ: PYPL) is committed to fighting continually evolving scams. With National Cybersecurity Awareness Month underway, the company is spreading awareness of phishing scams in which fraudsters impersonate well-known brands and use social engineering tactics to deceive people into sending money and divulging personal information. PayPal urges all consumers to practice vigilance and learn how to spot the signs of phishing fraud. "PayPal does not tolerate scams, and we take our duty to help protect consumers very seriously," said PayPal Chief Information Security Officer, Shaun Khalfan. "With scammers deploying increasingly sophisticated tactics, we are on a mission to spread awareness and promote simple yet effective safety practices. We firmly believe that education and proactive caution are key to defending against fraud trends and keeping everyone safe." What Are Phishing Scams? Phishing scams come in many different forms in which scammers "fish" for information and money by sending unsolicited messages through phone calls, texts, emails, and social media. They often insist the receiver click a link, send money, call a phone number, download an attachment, or reply directly – all of which lead back to a scammer. To "hook" people into believing their requests are legitimate, phishers may impersonate recognizable companies and public figures by imitating their branding. Scammers also employ social engineering tactics to manipulate people and create false urgency. How To Protect Yourself We encourage you to stay mindful and cautious of unexpected messages or calls. Information is power, and together, we can outsmart the scammers. As scammed funds cannot be recovered in all circumstances, avoiding fraud from occurring in the first place is the best defense. Keep an eye out for these warning signs and learn best-practice tips:
How PayPal Protects You We are proud of our fraud prevention initiative and are committed to keeping consumers safe and informed. In addition to the best practices above, we recommend learning these PayPal-specific tips:
PayPal's approach to fraud mitigation is multi-pronged, and we believe that staying ahead of the latest trends is key to keeping the payments ecosystem safe for everyone. We actively partner with leading consumer protection institutions, such as the Aspen Institute Financial Security Program, BBB Institute for Marketplace Trust, Consumers International, and the Smarter Than Scams campaign with the FTA. In addition to investing in consumer education efforts, we build innovative detection technologies, leverage investigative research led by our team of experts, and consistently refine our risk controls to stop bad actors from accessing our platforms. We use a combination of manual investigations and sophisticated technology to protect our customers, including taking proactive actions like limiting scam accounts or declining risky transactions. About PayPal Media Contact
SOURCE PayPal Holdings, Inc. | ||
Company Codes: NASDAQ-NMS:PYPL |