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As outlined in a white paper on managing phishing written by its risk management unit, PayPal is set to implement a new policy that will block users from using PayPal from “unsafe browsers.”  These browsers include Internet Explorer 4 and 5 and other older version browsers. But don’t worry if you are still using anything unsafe, because PayPal will first warn you about the browser. If you insist on trying to use it even after you were warned, then that’s the time when PayPal will step in and block you from accessing its site.

PayPal said that old browsers such as IE 4 are very vulnerable to phishing attacks since they lack the security and safety features of their newer versions which ward off phishing and other forms of online attacks. PayPal is encouraging users to use browsers which support the Extended Validation SSL certification when doing their PayPal transactions. These browsers prompt users by turning the address bar of the browser green when they are browsing a legitimate site. These browsers include the latest versions of IE and Firefox. Apple’s Safari browser for Mac and PC unfortunately does not support EV SSL certificates at this time.

Read [BBC News]