PayPal hack reveals customer names and social security numbers

PayPal began notifying practically 35,000 of them final Thursday his clients that their accounts have been hacked between December sixth and eighth. In the course of the two days, PayPal claims no cash was stolen from anybody.

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What occurred within the PayPal assault?

The hackers have been nonetheless capable of receive private and personal data, together with full names, dates of beginning, bodily addresses, social safety numbers, and tax identification numbers. PayPal stopped the intrusion inside two days, reset passwords for affected customers and stated no unauthorized transactions have been tried.

PayPal's internal investigation revealed that the hackers used a method known as credit stuffing to breach these victims' accounts.

PayPal’s inner investigation revealed that the hackers used a technique often known as credit score stuffing to breach these victims’ accounts.
(Kurt Knutsson)

How did the hackers breach these accounts?

PayPal’s inner investigation revealed that the hackers used a technique often known as credit score stuffing to breach these victims’ accounts. Credential stuffing is when hackers use present credentials already floating round on the darkish net to hack into non-public accounts. They use bots with lists of usernames and passwords they acquired from earlier information breaches and check out the credentials a number of on-line companies hoping clients have not just lately modified their passwords. That is the place those that use the identical passwords for a number of completely different accounts would possibly run into an enormous downside.

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To study extra about the right way to inform in case your passwords have been hacked, go to CyberGuy.com and search “Have your passwords been hacked?” by clicking the magnifying glass on the prime of my website.

What if my PayPal account was hacked?

For those who have been one of many victims of it paypal assault, then PayPal ought to have already got reset your password. When creating a brand new password, make certain it is a robust password utilizing uppercase and lowercase letters, numbers, and symbols. The corporate additionally affords victims free identification monitoring by way of Equifax for 2 years.

This may defend you from hackers sooner or later

Though PayPal is working onerous to assist victims of this malicious assault, there are steps you may take to make sure this by no means occurs to you.

  • Create robust passwords and do not use the identical ones for a number of accounts: study extra about creating robust passwords and nice password managers right here
  • Use 2-factor authentication: Use 2-factor authentication for all of the companies you employ that provide them. That is an additional step that can preserve a hacker away out of your non-public data, even when they get their palms in your credentials.

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Had been you impacted by the PayPal breach? We might love to listen to from you.

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