PayPal, New York and cybersecurity
PayPal fined by New York for cybersecurity failures
Regulators in New York have issued a $2 million fine to financial service giant PayPal over cybersecurity failures which exposed personally identifiable information (PII) of tens of thousands of customers. The breach, which occurred in December of 2022, compromised the social security numbers, email addresses, and names of users.
PayPal to pay $2M to settle New York state probe on cybersecurity violations (updated)
PayPal Holdings (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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PayPal has been fined $2 million by the New York Department of Financial Services for exposing sensitive customer data like social security numbers and more.
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