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PayPal Warns 35,000 Customers of Credential Stuffing Assaults

By Ionut Arghire on January 20, 2023

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On-line funds system PayPal is alerting roughly 35,000 people that their accounts have been focused in a credential stuffing marketing campaign.

“On December 20, 2022, we confirmed that unauthorized events have been in a position to entry your PayPal buyer account utilizing your login credentials,” the corporate mentioned within the notification letter despatched to the impacted people.

In response to PayPal, between December 6 and eight, 2022, a 3rd celebration accessed consumer accounts utilizing login credentials obtained elsewhere. The unauthorized entry was eradicated on December 8.

The corporate says the attackers probably obtained the login credentials through phishing or associated nefarious exercise, because it discovered no proof that the corporate’s techniques have been breached.

The attackers, the corporate says, have been in a position to entry and probably steal private info from the sufferer accounts, together with names, addresses, cellphone numbers, beginning dates, particular person tax identification numbers, and Social Safety numbers.

“As of the time of writing, we’ve got no info suggesting that any private info was misused on account of this incident, nor have there been unauthorized transactions on the affected accounts,” PayPal instructed the Maine Legal professional Basic’s Workplace.

The web funds platform says it reset the passwords for the impacted consumer accounts and carried out “enhanced safety controls to stop any additional unauthorized entry”.

“We now have not knowledgeable legislation enforcement of this incident, and this notification was not delayed on account of a legislation enforcement investigation,” PayPal mentioned.

The corporate instructed the Maine Legal professional Basic {that a} whole of 34,942 people have been impacted within the incident.

In credential stuffing assaults, risk actors use leaked credentials obtained from a third-party supply (typically bought on hacker boards) to entry consumer accounts on completely different companies. Such assaults are doable because of the reuse of credentials throughout a number of companies.

Associated: DraftKings Information Breach Impacts Private Info of 68,000 Prospects

Associated: FBI Warns of Proxies and Configurations Utilized in Credential Stuffing Assaults

Associated: NY AG: Credential Stuffing Impacts 1.1 Million Customers at 17 Corporations

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