![]() ![]() Lawsuit says PayPal failed to comply with FTC guidelines Rather, it’s likely that username and password data gleaned from other cyberattacks were used to attempt to log in to PayPal accounts, which succeeded in some cases where users recycled their passwords. The notice was sent out January 19, and said that there was “no evidence” that the compromised logins were taken from PayPal’s systems. PayPal’s notice to users whose personal information was compromised indicated that the company first learned of the attack just before the holidays in 2022, and that the attack was eventually determined to have happened between December 6 and December 8. Nearly 35,000 people were affected by the cyberattack, which used previously compromised usernames and passwords to gain access to PayPal’s systems. ![]() A pending class action lawsuit accuses online payments giant PayPal of failing to adequately safeguard the personal information of its users, leaving them vulnerable to identity theft and related ills at the hands of the unidentified perpetrators of a data breach that occurred late last year.
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