

“Based on PayPal’s investigation to date, we believe that this unauthorized activity occurred between December 6, 2022, and December 8, 2022, when we eliminated access for unauthorized third parties.

It is reported that PayPal notified users affected by this attack on January 18 th with an email since made available online. This form of attack is particularly dangerous for people who re-use passwords across their accounts, as hackers can steal a password from one account and use it to access others. Sources report, that the attack involved “credential stuffing,” where hackers gather lists of usernames and passwords sourced from the dark web or from data breaches-and then “stuff” those credentials into login systems, giving them access to those accounts. PayPal recently notified thousands of its customers that their accounts were breached by hackers, leaving their Social Security Numbers and other key pieces of personal information exposed as a result.
