A pending class action lawsuit accuses online payments giant PayPal of failing to adequately safeguard the personal information of its users, leaving them vulnerable to identity theft and related ills at the hands of the unidentified perpetrators of a data breach that occurred late last year.
Nearly 35,000 people were affected by the cyberattack, which used previously compromised usernames and passwords to gain access to PayPal’s systems. PayPal’s notice to users whose personal information was compromised indicated that the company first learned of the attack just before the holidays in 2022, and that the attack was eventually determined to have happened between December 6 and December 8.
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