Phishing - a threat to payments on ebay and paypal

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Phishing involves you being tricked into providing your password or other sensitive information. The most common way this is done, is for a thief to send you an email purporting to be from a trusted source (eg your bank). The email will ask you to click a link and log in to update a piece of information (eg your phone number). Sometimes the email caries a warning that a third party has attempted to access your account and tells you your account will remain frozen until you log in to restore access. This is a ploy designed to scare you into taking action without stopping to consider whether the email really is from your bank. The link provided in the email will be fake and, if you try to log in, your ID and password will be recorded by the crook who sent the email.