Euro banks block billions in rogue PayPal direct debits after fraud glitch
ID: c4b24e76-38c8-5615-8491-f7f2cbc7603b
STIX ID: report--c4b24e76-38c8-5615-8491-f7f2cbc7603b
Feed Name: The Register (Security)
Threat Score
PayPal experienced a failure in its fraud-detection or payment systems that prompted German banks to stop PayPal direct debits, freezing around €10 billion in transactions and disrupting commerce; simultaneous but unverified claims of millions of exposed PayPal credentials circulated, though PayPal denied a breach and said the outage was resolved.
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