It comes after NSW Police issued a warning last week for people to be on the lookout for scammers impersonating PayPal.
Police said Scamwatch had received more than 30 reports last week alone.
"The scammer claims there has been suspicious activity on your account and asks you to log in using a fake website to steal your information," NSW Police said.
"Don't click on the link or provide your details."
Scamwatch is run by the Australian Competition and Consumer Commission (ACCC). It provides information to consumers and small businesses about how to recognise, avoid and report scams.
You can also use it to report a scam.
Details: For more information click here.