PayPal penalized by New York for cybersecurity failures
PayPal has been fined $2 million by New York State’s Department of Financial Services for cybersecurity failures that exposed customers’ Social Security numbers in late 2022. Adrienne Harris, New York’s financial services superintendent, revealed that a probe uncovered lapses in PayPal’s cybersecurity management. The digital payment company failed to employ qualified cybersecurity staff or provide … Read more