Email-Worm:W32/Mimail.I is a worm that propagates in infected e-mail attachments. Mimail.I also has a payload: it uses a fake web that appears to be a legitimate enquiry from Paypal, in order to steal credit card information. F-Secure has received reports of e-mails containing the Mimail.I worm that use the attachment name: 'paypal.asp.scr'. As the worm is coded to send e-mails with the attachment name 'www.paypal.com.scr', it is likely that these new messages were hand-crafted.Mimail.I was found on November 14th, 2003.
Infection
Mimail.I arrives in email that looks as follows: 
If the user runs the attachment, Mimail.I copies itself to the Windows Directory as:
Dear PayPal member, PayPal would like to inform you about some important information
regarding your PayPal account. This account, which is associated
with this email address recipient@somewhere will be expiring within five business
days. We apologize for any inconvenience that this may cause,
but this is occurring because all of our customers are required
to update their account settings with their personal information. We are taking these actions because we are implementing a new
security policy on our website to insure everyone's absolute
privacy. To avoid any interruption in PayPal services then you
will need to run the application that we have sent with this
email (see attachment) and follow the instructions. Please do
not send your personal information through email, as it will not
be as secure. IMPORTANT! If you do not update your information with our secure
application within the next five business days then we will be
forced to deactivate your account and you will not be able to
use your PayPal account any longer. It is strongly recommended
that you take a few minutes out of your busy day and complete
this now. DO NOT REPLY TO THIS MESSAGE VIA EMAIL! This mail is sent by an
automated message system and the reply will not be received. Thank you for using PayPal.
Once entered, the credit card information from the form is collected to a file, 'c:\ppinfo.sys' which is later mailed to certain email addresses.