Breaking news: more than 16 million PayPal account holders were impacted by a data breach. That is, their personal data could have been stolen by hackers. Do you have a PayPal account? You can't help but wonder—"Am I one of them?" I did too.
PayPal is not the first big company to be hacked, but it deals with money, so it is worse.
• To share your password with other accounts (if shared).
• Send fake emails or texts to trick you.
• Go after your bank or cards for bigger money.
Even though you may not have been using PayPal frequently, your details may also be among the hacked data.
1. Update your PayPal password—new and secure.
2. Enable two-factor login—this provides added security.
3. Go through your PayPal transactions—check if there is anything amiss.
4. Open texts and emails slowly—don't open if it looks suspicious.
5. If you suspect your information has been compromised, consider credit monitoring.
I do all of these whenever there is a breach, and it keeps me safer.
Worth spending a minute or two now instead of losing cash in the future. So, have you cashed out your PayPal yet?
What happened?
PayPal accounts have been compromised, and people's data like names, email addresses, and phone numbers has been stolen. Account data can also be stolen.PayPal is not the first big company to be hacked, but it deals with money, so it is worse.
Why is it important?
Consider this—how many times do you even use PayPal anymore? To purchase items, membership dues, even to treat your friends. If the hackers get their hands on your information, they can:• To share your password with other accounts (if shared).
• Send fake emails or texts to trick you.
• Go after your bank or cards for bigger money.
Even though you may not have been using PayPal frequently, your details may also be among the hacked data.
What are you doing now?
Don't procrastinate. Do them today1. Update your PayPal password—new and secure.
2. Enable two-factor login—this provides added security.
3. Go through your PayPal transactions—check if there is anything amiss.
4. Open texts and emails slowly—don't open if it looks suspicious.
5. If you suspect your information has been compromised, consider credit monitoring.
I do all of these whenever there is a breach, and it keeps me safer.
Is PayPal secure today?
Yes, PayPal is safer than the majority of other payment systems. They have buyer protection and encryption. But nothing is 100% safe. That is why you have to be cautious and use all safety precautions.Last words
More than 16 million customers were impacted, so it cannot be ignored. If you use PayPal, do something—update your password, turn on two-factor authentication, and be on the lookout for phishing attacks.Worth spending a minute or two now instead of losing cash in the future. So, have you cashed out your PayPal yet?