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Critical PayPal Security Hack: Multiple Thefts Now Reported—Check Your Settings [Forbes]
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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US:NASDAQ Investor Relations: investor.paypal-corp.com
“We have found a serious issue in PayPal's contactless payment,” security researcher Markus Fenske explained to me. He claims that when using PayPal for contactless payments there is a vulnerability that Fenske and colleague Andreas Mayer say enables an attacker “near your mobile phone [to have] a virtual credit card which deducts money from your PayPal account.” The issue appears to be behind reported thefts from multiple German users over recent days—fraudulent transactions with U.S. stores. The flaw relates to the linkage between PayPal and Google Pay. Alarmingly, the researchers say that this attack “is not limited in validity or amount.”All users should check statements for unfamiliar transactions and consider unlinking Google Pay until it is resolved. Just days ago I reported on a different set of “ critical vulnerabilities PayPal users in Germany fallen victim to the attack As one user complained , “I just received a notification on PayPal that three transactions to Target are
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- PayPal Holdings, Inc. (NASDAQ: PYPL) had its "neutral" rating re-affirmed by analysts at Piper Sandler. They now have a $88.00 price target on the stock.[MarketBeat]
- $170+ Bn Payment Gateway Global Market Opportunities and Strategies to 2033 with Amazon Payments, PayPal, Stripe, Visa, and Fiserv Dominating [Yahoo! Finance][Yahoo! Finance]
- PayPal Holdings, Inc. (NASDAQ:PYPL) is largely controlled by institutional shareholders who own 73% of the company [Yahoo! Finance][Yahoo! Finance]
- Consumer Financial Protection Bureau finalizes rule to supervise apps like Google Wallet [Yahoo! Finance][Yahoo! Finance]
- Regulators will oversee cash apps including Apple, PayPal and Zelle [Yahoo! Finance][Yahoo! Finance]
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SEC Filings
SEC Filings
- 10/29/24 - Form 10-Q
- 10/29/24 - Form 8-K
- 10/15/24 - Form 4
- PYPL's page on the SEC website
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