Your business can deploy several measures to avoid losing money to fraudsters through fake PayPal invoices. How Your Business Can Avoid Getting Scammed All emails from QuickBooks will go straight to the user’s inboxes.Ĭriminals are leveraging legitimate services to run phishing campaigns. Like PayPal, QuickBooks is on the Allow List of best email services. Sometimes back, fraudsters were using QuickBooks to run similar attacks. Scammers use the platform and many other legitimate services to ensure their phishing emails reach target inboxes. Nearly all emails from PayPal reach users’ inboxes. PayPal is on the Allow list of the best email services. Scammers are Abusing Many Other Legitimate Services for Phishing Campaignįraudsters are turning to legitimate services to ensure they get the attention of potential victims. We found that the invoice wasn’t even in our PayPal account, so we flagged it as a scam. However, our company couldn’t because we scrutinize every invoice that comes in just to be sure.Īfter digging deep, we found no record of the sender providing services or products to our company. Some businesses could have paid the invoice and never thought anything of it. One is more likely to assume it’s accurate and real. In addition, the number 796 isn’t generic, like $800 or $750. If such an invoice finds a distracted accountant handling multiple PayPal invoices, they might not think twice about making the payment. Since the amount isn’t huge, many businesses might not think twice about paying it. $796 is a unique figure that also falls below the pain threshold. The fraudster billed the invoice for $796. One of our employees in the accounting department received a PayPal invoice requesting our organization to pay an invoice for around $800. Our Accounting Department Received One Fake PayPal Invoice The contact and payment information revealed to criminals will then be used to prepare for future attacks. The attacker will then attempt to lure the user into offering phone numbers or credit card information during the call. When you receive the fake PayPal invoice, it will appear more legit.Īn unsuspecting accountant who doesn’t remember ordering something or the service the business received can call the rogue number to ask more about the invoice or avoid unnecessary charges. Edit business name to mimic popular brands.The criminals then utilize PayPal features to: These fraudsters create free PayPal accounts to send invoices from domains spoofing popular brands. However, attackers are using the legitimacy of PayPal to bypass email filters and reach the inboxes of unsuspecting victims. The email filters red flags on many phishing scams and sends them directly to the spam folders without reaching people’s inboxes. With the rise of sophisticated email filters, many phishing emails might not reach potential victims. Fake PayPal Invoices Might Be The New Phishing MethodĬriminals are getting more sophisticated and are using legitimate services such as PayPal to ensure their lures reach their targets. Since the PayPal invoice is real - only that scammers created it - hitting the Pay button will instantly transfer your money to the criminals. ![]() Since the invoice will appear to come from one of your services, an unconscious accountant may be duped into believing the invoice is legitimate and make payment without questioning it. Scammers create invoices imitating reputable organizations such as antivirus companies, GoDaddy, or VPN services. Fraudsters are taking on the fake PayPal invoice scam because they know that the invoices aren’t technically fake - they are real invoices from PayPal, only that the businesses don’t owe them. Since businesses process many PayPal transactions, attackers assume that organizations will be gullible to pay invoices without double-checking.Īnyone who knows your email address can send you a bill on your PayPal account. Fraudsters use the legitimacy of PayPal to ensure their trickery reaches potential victims and dupes them.Ĭriminals are creating and sending falsified PayPal invoices to request payment.
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