This one is a bit craftier, but still has a bullseye on it, telling readers to login and enter their credentials. Don't do it!

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Message-ID: <038bed73e16bcdb6fd9f0da807201d3a@paypal.com>
From: 
To: <******@spacequad.com>
Subject: Paypal Alert Update Account information !
Date: Sat, 16 Jan 2010 04:29:28 +0100
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Dear PayPal Member, It has come to our attention that your PayPal Information records are out of date. That requires you to update the Information. Failure to update your records will result in account termination. Please update your records within 24 hours. Once you have updated your account records, your PayPal session will not be interrupted and will continue as normal. Failure to update will result in cancellation of service, Terms of Service (TOS) violations or future billing problems. You must click the link below and enter your login information on the following page to confirm your Billing Information records. Click here to update your account You can also confirm your email address by logging into your PayPal account at https://www.paypal.com/us/. Click on the "Confirm email" link in the Activate Account box and then enter this confirmation number: 1542-9210-4796-0162-9135 Thank you for using PayPal! The PayPal Team Please do not reply to this email. This mailbox is not monitored and you will not receive a response. For assistance, log in to your PayPal account and choose the Help link located in the top right corner of any PayPal page. To receive email notifications in plain text instead of HTML, update your preferences here. PayPal Email ID KD505

Protect Your Account Info Make sure you never provide your password to fraudulent websites. To safely and securely access the PayPal website or your account, open a new web browser (e.g. Internet Explorer or Netscape) and type in the PayPal URL (https://www.paypal.com/us/) to be sure you are on the real PayPal site. PayPal will never ask you to enter your password in an email. For more information on protecting yourself from fraud, please review our Security Tips at https://www.paypal.com/us/securitytips Protect Your Password You should never give your PayPal password to anyone, including PayPal employees.