PayPal Data Breach: 34,942 Accounts Affected, Change Your Passwords Now!

• PayPal reported a data breach that affected nearly 35,000 accounts worldwide.
• The hackers got away with sensitive information, including name, address, personal tax identification numbers, social security number, and date of birth.
• PayPal notified all the affected accounts and urged them to change their passwords.

PayPal, one of the world’s largest online payment services, was hit by a major data breach last month. The breach, which occurred between December 6 and December 8, 2022, affected 34,942 accounts, leaving the sensitive information of these users exposed.

The compromised data included the name, address, personal tax identification numbers, social security number, and date of birth of the affected accounts. The hackers were able to gain access to these accounts using their login credentials, which suggests that the breach was a result of a credential-stuffing attack.

PayPal took immediate action after it learned of the breach on December 8, and stopped the unauthorized access. The company launched an investigation, and on December 20, 2022, it began sending notifications to all the affected accounts. The notifications asked the users to change their passwords.

PayPal also issued a statement on the breach, noting that there had been no breach in their systems. The statement read: “We take the security of our customers’ accounts very seriously and are constantly working to enhance our security measures. We are committed to providing our customers with a safe and secure experience.”

The company advised users to take precautionary measures to protect their accounts, such as using two-factor authentication, setting up unique passwords for each account, and keeping an eye out for suspicious activities.

This data breach serves as a reminder of the need for users to take online security seriously. While PayPal has taken steps to protect its customers’ accounts, it is ultimately up to the users to ensure that their information is safe.