PayPal to pay $2 million settlement over 2022 data breach
New York State has announced a $2,000,000 settlement with PayPal over charges it failed to comply with the state's cybersecurity regulations, leading to a 2022 data breach.
NYDFS penalizes PayPal $2M over 2022 data breach
The settlement detailed the missteps PayPal took in the lead-up to the attack and highlighted common risks — both on compliance and security — banks face.
NY DFS fines PayPal $2M for cybersecurity regulatiton violations
New York State Department of Financial Services Superintendent Adrienne A. Harris announced that PayPal (PYPL) will pay a $2M penalty to New
PayPal fined by New York for cybersecurity failures
According to a consent order, PayPal discovered the problem after a security analyst on Dec. 6, 2022 read an online message.
PayPal Fined $2M By New York For Data Breach
PayPal’s mismanagement of cybersecurity led to unauthorized access to customers’ Social Security numbers and other private information. ・Consumer Impact: Affected users faced heightened risks of identity theft due to these lapses.
PayPal Fined $2 Million for Security Failures
PayPal has been hit with a $2 million fine by New York's financial regulator, the Department of Financial Services (DFS). This is due to cybersecurity issues that led to a data breach in December 2022.
PayPal to pay $2M to settle New York state probe on cybersecurity violations
PayPal Holdings (NASDAQ:PYPL) agreed to pay a $2M penalty to New York State for violations of the state's Department of Financial Services cybersecurity regulation, DFS Superintendent Adrienne A. Harris said on Thursday.
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