paypal hack 2015 itaNumerous users of TeamViewer, a popular remote access and meeting software, have reported their computers were remotely hijacked and PayPal and EBay accounts subsequently drained. Additionally, many users shared on Reddit that they actually witnessed the takeover. Other intruder activities that were observed included installing software and malware, making rogue purchases online and entering online accounts using auto-filled password keychains. Many of these reports occurred while TeamViewer’s systems were experiencing technical difficulties and fell offline. TeamViewer later claimed these difficulties were related to a non-DDoS attack. TeamViewer reached out to their users via Twitter on June 7: Recommended for You Webcast, September 7th: 3 Ways to Speed Up Your Marketing Review and Approval Process image: TeamViewer Tweet Image TeamViewer denies it has been hacked. Instead, they blame users’ poor privacy habits, stating many are likely reusing password across multiple platforms. However, users fiercely dispute their claims — stating they’ve never reused passwords and even that their TeamViewer PINs were utilized in the takeover. It is still unclear exactly how this widespread security incident occurred. But with more than 1 billion user IDs, the TeamViewer hack has the potential to be quite widespread. Services[edit] As of 2016, PayPal operates in 203 markets and has 179 million active, registered accounts. PayPal allows customers to send, receive and hold funds in 26 currencies worldwide.[6][62] PayPal's services allow people to make financial transactions online by granting the ability to transfer funds electronically between individuals and businesses.[63] Through PayPal, users can send or receive payments for online auctions on websites like eBay, purchase or sell goods and services, or donate money or receive donations. It is not necessary to have a PayPal account to use the company's services.[63] From 2009 to 2016, PayPal operated Student Accounts, allowing parents to set up a student account, transfer money into it and obtain a debit card for student use. The program provides tools to teach how to spend money wisely and take responsibility for actions.[64][65] PayPal discontinued Student Accounts in August 2016. In November 2009, PayPal opened its platform, allowing other services to get access to its code and to use its infrastructure in order to enable peer-to-peer online transactions.[66] In 2008, PayPal acquired the online credit product Bill Me Later, Inc. which has since been rebranded as PayPal Credit, and provides services for Comenity Capital Bank, the lender of PayPal Credit accounts. Founded in 2000, Bill Me Later is headquartered in Timonium, Maryland, with additional offices in Hunt Valley, Maryland, Chandler, Arizona and San Francisco, California. PayPal Credit offers shoppers access to an instant online revolving line of credit at thousands of vendors that accept PayPal, subject to credit approval. PayPal Credit allows consumers to shop online in much the same way as they would with a traditional credit card. The rebranding of Bill Me Later as PayPal Credit also means that consumers can use PayPal Credit to fund transactions virtually anywhere PayPal is accepted.[67] In 2015 PayPal agreed that PayPal Credit would pay a $25 million fine to settle a complaint filed in Federal Court by the Consumer Financial Protection BureauPayPal is a leading technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. We put our customers at the center of everything we do. We strive to increase our relevance for consumers, merchants, friends and family to access and move their money anywhere in the world, anytime, on any platform and through any device. We provide safer and simpler ways for businesses of all sizes to accept payments from merchant websites, mobile devices and applications, and at offline retail locations through a wide range of payment solutions across our Payments Platform, including PayPal, PayPal Credit, Venmo and Braintree products.
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