He says he contacted PayPal’s customer service but could not get clear answers or assistance. He then checked his credit report and found several unauthorized inquiries from various companies. He says he received an email from PayPal on January 19th informing him of the data breach. The lead plaintiff in the case is John Doe (a pseudonym), a resident of California who claims that his PayPal account was hacked on December 7th. It also demands that PayPal implement better security measures to prevent future data breaches. The class action seeks unspecified damages for breach of contract, breach of an implied warranty, negligence, invasion of privacy, and unfair business practices. The lawsuit alleges that PayPal failed to adequately safeguard its users’ personal information and violated various state and federal data privacy and security laws. However, some users are unsatisfied with PayPal’s response and have filed a class action lawsuit against the company for negligence. PayPal Class Action Lawsuit over Data Breach The company also advised users to change their passwords and monitor their accounts for suspicious activity. PayPal apologized for the incident and offered affected users free credit monitoring and identity theft protection services. The letter also claimed that the login credentials used by the hackers were not obtained from PayPal’s network but did not provide any further details on how they were acquired. Still, the internal investigation was not finished until December 20th. The letter stated that the hackers may have accessed names, addresses, phone numbers, email addresses, dates of birth, Social Security numbers, bank account numbers, and PayPal account balances.Īccording to PayPal’s letter, the company was able to detect and mitigate the attack as soon as it occurred. The company began notifying affected users on January 19th, 2023, with a letter explaining that their accounts had been hacked between December 6th and 8th, 2022. In addition, it’s always a good idea to set up two-factor authentication on services like PayPal in order to be extra sure that your data is safe from attacks.PayPal, one of the world’s largest online payment platforms, has admitted that a data breach in December 2022 compromised the personal and financial information of nearly 35,000 users. In order to protect yourself from similar attacks, make sure to not use the same login credentials (password and username or email) across multiple websites and apps. PayPal is also giving each of those users a two-year subscription to Equifax, an identity monitoring service. If your account was one of them, you’ll be asked to set up a new password the next time you try to log in. This means that they may have tried to use login credentials stolen elsewhere - in massive quantities - until some of them worked.Īs a response to the attack, PayPal reset the passwords on all of the accounts that were affected. On the other hand, Bleeping Computer reports that the attackers were able to hack into the accounts through credential stuffing. The company didn’t divulge how exactly the attackers were able to access the accounts, although it claims it hasn’t found evidence of hackers stealing the user data directly from PayPal’s systems. Daily reminder to not re-use your passwords It’s unclear what will happen to the stolen data, but it’s safe to assume that some form of identity theft or phishing is in the cards. It’s possible that invoicing data and credit card or debit card details may have been accessed. If you have an Nvidia graphics card, your CPU may be suffering right now If you have a Gigabyte motherboard, your PC might stealthily download malwareĬheck your inbox - Google may have invited you to use Bard, its ChatGPT rival
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