Tag: finance

PayPal Fined $2 Million for Cybersecurity Lapses Exposing Customer Data

PayPal has been fined $2 million by New York State’s Department of Financial Services (NYDFS) for failing to protect customers’ personal information. This includes Social Security numbers due to inadequate cybersecurity measures. The NYDFS announced the fine on Thursday after an investigation revealed significant shortcomings in PayPal’s cybersecurity practices. Specifically, these failures left sensitive data—such