New York Fines PayPal $2 Million for Cybersecurity Failures, Exposed Customer Data
In the ever-evolving chess game of cybersecurity, it seems PayPal just lost a knight—or maybe even its queen. The New York State Department of Financial Services (NYDFS) has handed the global financial technology giant a $2 million fine for exposing sensitive customer data, including Social Security Numbers (SSNs), through what regulators describe as glaring cybersecurity lapses.