![]() He stated “Paypal’s prompt response to the incident, as well as their efforts to notify affected users and provide credit monitoring services, demonstrate that they take the security of their users’ data seriously. For PayPal to take multiple days to catch this should not be acceptable. There are multiple tools and services that can do this now. Processes to monitor and identify anomalous behavior, like the vast number of login failures from a credential stuffing attack. “As trusted vendors, PayPal and others need to set a higher bar here. ![]() Baber Amin, the COO of Veridium, told PCWorld: PayPal might not have been hacked, but it isn’t entirely without blame. PayPal also provides affected users with two years of free Equifax credit monitoring. They further added no unauthorized transactions happened. They reset the passwords for affected users. Paypal says the intrusion stopped within two days of the report. Furthermore, transaction histories, linked credit or debit card information, and Paypal invoicing data were also part of the incident. Hackers gained access to account holders’ full names, dates of birth, postal addresses, social security numbers, and individual tax identification numbers during the breach. ![]() Personal Information of 35,000 Accounts Compromised The attacker tests thousands of usernames and passwords to determine which ones work. This type of attack heavily relies on automation tools. The hackers attempt to access other accounts or services using the same passwords across multiple platforms. Credential stuffing occurs when an attacker uses stolen account credentials from one breach. ![]()
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