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PayPal discloses extended data leak linked to Loan App glitch

PayPal disclosed a six-month data breach that exposed sensitive user data, including Social Security numbers, due to a software error. PayPal has disclosed a data breach caused by a software bug in its PayPal Working Capital loan app. The flaw exposed sensitive customer information, including customers’ business contact details (name, email, phone number, address), along…

PayPal Flaw Exposed Sensitive Data in Lending App for Six Months

PayPal is notifying customers after a software error in its PayPal Working Capital (PPWC) loan application exposed certain personal information, including social security numbers, for nearly six months in 2025.  Although the company said its core systems were not breached, the issue resulted in potential unauthorized access to sensitive customer data. “Upon learning about this…

PayPal launches latest struggle to get rid of SMS for MFA

When PayPal started emailing customers this month that it was backing off unencrypted SMS for multifactor authentication (MFA) at login, it came with the typical approach-avoidance asterisk. The financial services giant signaled that it was turning the page on the much-maligned authentication method while simultaneously offering no timeline and assuring customers SMS wouldn’t entirely go…