Be warned, there is yet another PayPal phish infesting the net at the moment.
This one looks extremely plausible, as it contains numerous graphics and links.
However, as with all the other phishes, it is a con designed to trick you into revealing your passcodes.
PayPal confirm that it is a fake, and are taking action to shut down the website that it links to.
In the meantime, should you receive one of these, do not click on the link but throw the email away.
Text, without graphics, of the phish follows below:
Dear PayPal Member,
Identity protection matters. And PayPal works day and night to help keep your identity safe. That's why we created a new Identity Protection area for update your PayPal records to help you increase your privacy and protect your identity.
PayPal's world class fraud investigators share 5 important actions you can take to help prevent identity theft and protect your account.
Update Your Profile
If you've closed a credit card or bank account recently, remember to go to PayPal's website to update your profile.
This new security statement will helps us continue to offer PayPal as a secure and cost-effective payment service. We appreciate your cooperation and assistance.
The PayPal Team