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PayPal to pay $2 million settlement over 2022 data breach

New York State has announced a $2,000,000 settlement with PayPal over charges it failed to comply with the state’s cybersecurity regulations, leading to a 2022 data breach. The Department of Financial Services (DFS) action says that threat actors took advantage of security gaps in PayPal’s systems to conduct credential stuffing attacks that provided access to sensitive customer information. In 2023, PayPal…