By now, almost everyone should be familiar with the term phising. Yesterday I got a phising email about my paypal account. Thankfully, the thieves aren't that sophisticated at all as you can see:

Dear Pay pal valued member,

Due to concerns, for the safety and integrity of the pay pal account we have issued this warning message.

It has come to our attention that your account information needs to be updated due to inactive members, frauds and spoof reports.

If you could please take 5-10 minutes out of your online experience and renew your records you will not run into any future problems with the online service.

However, failure to update your records will result in account suspension

This notification expires on 48 hours.

Once you have updated your account records your pay pal account service will not be interrupted and will continue as normal.

Please follow the link below and login to your account and renew your account information
                 www.web66-cmd-rlogin .com


Sincerely,
Pay pal customer department!

So basically they are asking you to give them your paypal login information on a strange website...so they can log into Paypal and wipe out your account. Whenever you get these type of emails to "update" or "verify" your account, disregard them. Your bank or other institutions will never email you to update your account online. They will physically send you something or call you directly...if ever. -cr