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Information Technology News PayPal phishing flaw endangers users finances
Information Technology News PayPal phishing flaw endangers users finances | PayPal phishing flaw endangers users finances |
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| by Stan Beer | |
| Tuesday, 20 June 2006 | |
  
The PayPal flaw enabled cyber-crooks to actually host a modified page on the PayPal site which directed users to a bad website hosted on a server in Korea. The scam lulled users into a false sense of security because they were visiting a real PayPal encrypted page before being redirected to the criminal site in Korea. Once they landed on the Korean site, users were then presented with a fake PayPal log-in page asking for their personal details. The fact that scam was discovered on one of the world's biggest and widely respected e-commerce sites has raised concerns that even trusted and supposedly secure websites are vulnerable to criminal cyber attacks which could compromise the security of their users. It is not known how many users have been tricked before the scam was discovered last Friday. What is also not known is whether PayPal is liable for damages to its users arising from the flaw that allowed its site to host criminal activity. {moscomment} |
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