PayPal has been fined $2 million by New York State for failing to comply with cybersecurity regulations, leading to a data breach that exposed personal information of 35,000 customers in 2022.

and making MFA mandatory for all U.S. customer accounts, this came too late, according to DFS. The settlement terms mandate that PayPal must pay a fine of $2 million within 10 days, while no ...

PayPal PYPL.O will pay a $2 million civil fine over cybersecurity failures that led to the exposure of customers' Social Security numbers in late 2022, New York state's Department of Financial ...

The $2 million fine, while significant ... The breach impacted only 35,000 accounts out of PayPal’s 432 million active users, showcasing the platform’s overall resilience and limited scope ...

PayPal has to pay a $2 million settlement over a data breach from 2022 In the ... requires all PayPal users in the US to use multi-factor authentication (MFA) for account logins. As technology ...