PayPal to pay NYS $2M for violating DFS’s Cybersecurity Regulation
ID: 6c3fcd86-fa5c-5367-b134-3ae582521110
STIX ID: report--6c3fcd86-fa5c-5367-b134-3ae582521110
Feed Name: DataBreaches.Net
Threat Score
**NYDFS fined PayPal $2M for cybersecurity failures that led to unauthorized access to 1099-K forms containing SSNs, stemming from untrained implementation of data flow changes and inadequate access controls (no MFA/CAPTCHA/rate limiting); cybercriminals leveraged compromised credentials, and PayPal has since remediated the issues.**
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