I received an email from "PayPal" telling me that some $69.00 has been charge to my account. It even include a "Cancel Payment" button for me to click. On checking, the cancel button is leading me to some unknown site. At the unknown site, it asked for all kind of personal information.
What I did was to immediately reported this as Phishing Scam so that Hotmail will do something about it.
So, be careful!