Here is a copy of an email received today:
"Dear PayPal User,
During our regular update and verification of the accounts,
we couldn't verify your current information.
Either your information has changed or it is incomplete.
Please update and verify your information by signing in your account.
If your account information is not updated within 5 days,
your access will be restricted.
please go to the link below and enter the information required:
*** Please Do Not Reply To This E-Mail As You Will Not Receive A Response ***
PayPal Account Review Department"
Pure fantasy and it will cost you dearly if you click on the link they provide. I provided this "updated" information last year and had to change all my accounts (Bank, Credit Card, etc.) because they attempted to use the accounts to get money. Just remember this- paypal and ebay don't require updates from you through email contact. They get you when you attempt to use their services.