Paypal users beware, phishing on the rise

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All paypal account users beware. I have just received a phishing mail in my inbox.Here is the mail i received. The email address from which this came is webmaster@paypal-flagged.com Dear PayPal, Due to recent fraudulent activities on some of PayPal online accounts we are launching a new security system to make PayPal online accounts more secure and safe. Before we can activate it we will be checking all PayPal online accounts to confirm the authenticity of the holder. We will require a confirmation that your account as not been stolen or hacked. Your account has not been suspended or frozen. To confirm your account status please Log In -complete the required information to authenticate and reset your account -make sure your account balance has not been changed -make sure your details have not been changed -review recent transactions in your account history for any unauthorized transfer If you find any type of suspicious activities please contact us immediately. Please include in your message your account number, your account name and the unauthorized transfer date & time. Respond and please do not reply to this message. For any inquiries, contact Customer Service. PayPal Securty Copyright © 2006 I infact didnt notice that this was a phishing atttempt but when i clicked on login link , firefox prompted me that this was a fake website , and i was saved from getting duped. If you carefully observe the letter you will observe that there are grammatical as well as spelling mistakes in the leter. Also at the end it says ,DONOT RESPOND to this email, which clearly raises a suspicion So everybody using a paypal account check before you enter your details and never respond to fake emails