A PayPal phishing text message is circulating. The text attempts to steal your account credentials and other sensitive information that can be used for identity theft.
It states That your account has been ”permanently limited”. When PayPal detects suspicious or fraudulent activity on an account, the account will have its status set to ‘limited’, which will put temporary restrictions on withdrawing, sending, or receiving money. The scammers will ask you to click on the link to verify your credentials which will then take you to a phishing page asking you to log in.
“PayPal: We’ve permanently limited your account, please click link below to verify,” the smishing text message reads. Clicking on the enclosed link will bring you to a phishing page that prompts you to log in to your account.
If you received this text and mistakenly logged into your PayPal account or provided other information, you should immediately go to Paypal.com and change your password.