Paypal to Block Old Browsers from Accessing its Site

In an effort to battle security threats Paypal announced today that it will block "unsafe browsers" from using its services. It is trying to step up its anti-phishing efforts. Older web browsers are considered unsafe because the lack many security features the newer browsers have. Paypal said it was "an alarming fact that there is a significant set of users who use very old and vulnerable browsers such as Internet Explorer 4". Some users were still using Internet Explorer 3 (a browser more than 10 years old).