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International Business Times
International Business Times
Business

PayPal Data Breach Reveals Cash Was Stolen as SSNs Leaked in Massive Loan App Flaw

Millions of users face a digital nightmare after a major security failure exposed sensitive data to hackers.

Millions of users are facing a digital nightmare after a significant security failure exposed sensitive personal details. This latest vulnerability has allowed hackers to bypass standard protections, putting both private identities and bank balances at immediate risk. As investigators look into the breakdown, the full scale of the financial impact is only just beginning to surface.

PayPal has begun notifying customers via email about a system compromise that allowed a malicious party to view sensitive data. After breaking into the internal network, this intruder triggered fraudulent payments for certain customers and forced a widespread update of login credentials.

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