Why does PayPal says my browser (4.01) has a known security flaw?

I received a message from PayPal that says:
"It looks like you may be using an outdated browser with known security issues.
Help keep your computer and your PayPal account protected by updating your browser today."
When I checked Mozilla, it says I'm using the most current browser. I don't want to login to secure website if there is a security problem with Firefox. I can't surf without Firefox! Please help!

This sounds like a fraudulent email and will not be from PayPal. PayPal never send emails telling you to download software.
This link from PayPal shows their advice concerning fake emails - https://www.paypal.com/cgi-bin/webscr?cmd=p/gen/email-security-outside

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