Pay Pal Wants To Wreck the Biz Model.

The article focuses on the strategies of PayPal Inc. in reducing the amount of phishmail at eBay Inc. and PayPal users. It notes that PayPal launched its new strategy that had reduced less than 10 percent and published in a paper entitled "A Practical Approach to Managing Phishing." Michael Barrett, a PayPal executive, stated that they observed a rise in the number of viruses and Trojans that were deployed to steal user credentials, a far more way to accomplish the same result as phishing.