PayPal, is trying to persuade email providers to block messages that lack digital signatures, which are aimed at cutting down on phishing scams, a company attorney said Tuesday. So far, no agreements have been reached. An agreement with, Google for its Gmail service could potentially stop spam messages that look legitimate and bypass spam filters. PayPal is using several technologies to digitally sign its emails now, including DomainKeys. DomainKeys, a technology developed by Yahoo, enables verification of the sender and integrity of the message that's sent. PayPal is one of the most highly spoofed brands, with fraudsters sending out spam to lure vulnerable users to look-a-like Web sites where their login details and passwords are collected and abused for profit. Once a hacker has gained control of a PayPal account, it's possible to send money to other PayPal accounts or purchase goods. PayPal has introduced rules to counter fraud, such as limits on how much money can be transferred. PayPal also compensates users who've had their accounts hijacked, Sullivan said. But the phishing problem is getting worse than when he started working for eBay five years ago. The number of phishing sites is also rising. A report released last week by the Anti-Phishing World Group, a consortium of vendors and government agencies, said the number of fraudulent Web sites in January reached an all time high of 29,930. Labels: breaking google news os9user paypal
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