First of all, it's not likely that your account is hacked, so relax. Here's what's probably happening and why we are receiving these SMS's or emails: Some Person, anywhere in the world, clicks "Forgot my password" Paypal asks for their email address or phone Person types an email or phone... and here is what the PROBLEM is: if the person types email or phone, and if YOUR email or phone happens to be what they typed, YOU will receive the security code. Now the Person could be entering it by mistake or deliberately, that's up for debate While there is no cause for concern, this is potentially a problem, because it gives away (by confirming an account with that email or phone exists on PayPal system), your email or phone number to anyone who wants to know. Although you don't need to worry about receiving these, PayPal should NOT be doing it by default to alarm people with good accounts in order to satisfy the convenience of just about any walk-in person who demands a password reset at whim! And also, PayPal should have an option for us not to receive and be unncessesarily alarmed if our accounts are being hacked. Hope it helps.
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