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The e-mail is supposed to come from PayPal (updates-int@paypal.net) and is with an attachment "Restore_your_account_PayPal.html", it's about 10.3KB in size. The e-mail itself originated from Korea (ne07.tt.co.kr [211.47.69.62]).
It states:
Dear PayPal account holder,PayPal is constantly working to ensure security by regularly screening the accounts in our system. We have recently determined that different computers have tried logging into your PayPal account,and multiple password failures were present before the logons.Until we can collect secure information, your access to sensitive account features will be limited. We would like to restore your access as soon as possible, and we apologize for the inconvenience.Download and fill out the form to resolvethe problem and then log into your account.Thanks ,PayPal
If they have access to my account information, would it not have greeted using my name? This is by far the weakest of spoofed e-mails involving PayPal. It does not have the standard legal disclaimer, it does not have the security statement, everything that would make it more believable.


