Suffering Repeated Account Hacks, Krebs Urges PayPal To Modernize Its Customer Authentication
This article was posted on Thursday, 20:02, UTC.
Brian Krebs, the author of the Krebs On Security website, had his PayPal account hacked on Christmas Eve by a hacker who tried sending his funds to an ISIS-connected hacker gang. In an article on his website, Krebs describes his efforts to fix the problem with PayPal, but he views it as representative of the current state of security for many companies. He says many organizations, including financial institutions, are “woefully behind the times” in fighting identity theft. In learning how the hacker had gotten into his PayPal account, Krebs found the company was relying on static identification information and…
// -- Discuss and ask questions in our community on Workplace
. Don't have an account? Send Jonas Borchgrevink an email -- //
Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.
Feedback or Requests?
Receive New Posts on Email:
Lester Coleman is a veteran business journalist based in the United States. He has covered the payments industry for several years and is available for writing assignments.