PayPal has recently suffered a massive databreach that might have left tens of thousands of users at risk of identity theft.
PayPal has recently suffered a massive data breach, and if you were one of the affected users, your details may have been leaked. Given the nature of a PayPal account, the exposed data includes some of the most sensitive information, which could put those users at risk of identity theft.
According to PayPal, an unauthorized third party was able to access close to 35,000 PayPal accounts. This took place in December 2022, and PayPal names December 6 to 8 as well as December 20 as the dates when this breach was taking place. During those time windows, the attacker was able to view, and possibly acquire, most of the sensitive data tied to a PayPal account.
It’s possible that invoicing data and credit card or debit card details may have been accessed. 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. As a response to the attack, PayPal reset the passwords on all of the accounts that were affected. 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. PayPal is also giving each of those users a two-year subscription to Equifax, an identity monitoring service.
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