PayPal to Pay $2 Million Fine for Cybersecurity Failures Exposing SSNs

PayPal 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 Services said. Adrienne Harris, New York's financial services superintendent, said a probe by her office found PayPal failed to use qualified staff to manage key cybersecurity functions or provide adequate training to address cybersecurity risks.

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