Think you’ve secured your PayPal account so that hackers can’t hijack it and steal money from your bank account? Well, guess again, as there are ways of getting into your account and PayPal doesn’t appear to have the means or policies to stop them.
Well known cybersecurity expert Brian Krebs says he discovered these flaws after his own account was broken into twice on Christmas Eve, even after he managed to regain access to it.
Even though Krebs is often a target of hackers who hate how he exposes their work, the fact that his PayPal account was hijacked indicates that nobody is safe, no matter how Internet-savvy they are. And it seems that it’s PayPal’s security to blame.
One more important point to note is that hackers likely used information about Krebs that’s publicly available to social engineer this hack, so chances are it won’t happen to regular Joes and Janes, assuming their personal data including Social Security numbers and credit cards aren’t out in the open. But, again, it’s PayPal’s job not to allow this kind of breach. For the full article click here
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