10/2/2023 0 Comments Paypal account login hackThe enterprise reached out to users who had been impacted by the breach explaining the actions it had taken following discovery of the attack: The personal data exposed in the PayPal breach included the full names of account holders, their dates of birth, Social Security numbers, postal addresses and tax IDs, along with payment information. As a result, it was determined that the confidential credentials had been obtained by another means. PayPal made an official statement on December 20 confirming that unauthorised third parties had employed stolen credentials to gain access accounts, however there no evidence was uncovered that indicate that the company’s system had been breached. Upon detection of the penetration, PayPal worked quickly to negate any further impact and immediately launched an investigation. Reports in the media indicate that the malicious event occurred somewhere between the 6th of December and the 8th of December. With Change Your Password Day approaching on February 1, the recent incident highlight the reasons for enterprises and users to mark the important date with a review of their current credentials and password protocols. Many experts are now weighing in, citing the inherent weaknesses of passwords as not only the cause of the breach, but as a prevalent cybersecurity problem. PayPal, the internationally renowned online payment platform, recently began notifying approximately 35,000 users that their private information was exposed during a credential stuffing attack that took place last year.
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