PayPal has warned 35,000 users that they may be vulnerable to credential stuffing attacks after a security breach. Credential stuffing is a type of attack in which hackers use lists of breached user credentials to attempt to gain access to an account. PayPal’s security team spotted the breach before it was too late and immediately took action to protect users from potential attacks.
PayPal released a statement urging the affected users to take precautions and take action to secure their accounts. They explained that it is important to be aware of cyber security threats and to take measures to protect their online accounts. The first recommendation is to update their passwords to a strong and unique one, as well as to use two-step authentication. Furthermore, users should also be wary of any suspicious activities related to their accounts, such as unknown logins or unusual payments.
In addition to issuing the alert to users, PayPal is also taking its own steps to protect users. They will be introducing additional security measures to lower the risk of more credential stuffing attacks in the future. This includes the development of advance authentication technology, machine learning capabilities and better AI-based risk systems.
By working together, PayPal and their customers can ensure that their websites remain secure and protect companies from cyber attacks. With cyber-threats becoming increasingly sophisticated, it is more important than ever to promote cyber security and take the necessary steps to prevent data breaches. PayPal is making a great effort to keep their users safe, and it is up to us to continue to follow their security guidelines to keep ourselves protected.
This Cyber News was published on www.securityweek.com. Publication date: Tue, 24 Jan 2023 03:31:02 +0000