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paypal account hack zipou have a PayPal account — and chances are good that you do — here’s some unsettling news. An Egyptian security researcher discovered a way to hack PayPal accounts with just one click.**As he demonstrates in a YouTube proof-of-concept video, Yasser Ali was able to trick PayPal’s servers into thinking that he’d successfully logged in as any user. Ali evaded PayPal’s security checks by way of a CSRF — a cross-site request forgery. By monitoring data sent back to PayPal via a POST request, he was able to capture a token that was valid for all its users.**He also figured out that the security questions on a PayPal account didn’t require password authentication. Once he had the token in his possession, he was then able to gain full control over an account by modifying answers using a small Python script running on his own computer.*There’s no need to panic now, so you don’t have to go scampering off to shut your account down. Ali has already shared his discovery with the crew at PayPal, and they’ve implemented a fix. In addition to a hearty thank you, Ali was also presented with a $10,000 bounty as part of PayPal’s vulnerability reporting program.**If you’ve ever cursed PayPal for freezing your account due to suspicious activity, this is a perfect example of why they’re so cautious. Ali’s demonstration may only be a proof of concept, but if he figured out this nifty little trick someone else may have, too — and who knows how many PayPal accounts could have been compromised if the bug had gone unreported.**Update: a Paypal spokesperson has provided us with this statement. “One of our security researchers recently made us aware of a potential way to bypass PayPal’s Cross-Site Request Forgery (CSRF) Protection Authorization System when logging onto PayPal.com. Through the PayPal Bug Bounty program, the researcher reported this to us first and our team worked quickly to fix this potential vulnerability before any of our customers were affected by this issue. We proactively work with security researchers to learn about and stay ahead of potential threats because the security of our customers’ accounts is our top concern.”In 2007, PayPal Europe was granted a Luxembourg banking license, which, under European Union law, allows it to conduct banking business throughout the EU.[89] It is therefore regulated as a bank by Luxembourg's banking supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF).[90][91][92] All of the company's European accounts were transferred to PayPal's bank in Luxembourg in July 2007.[93] Prior to this move, PayPal had been registered in the United Kingdom as PayPal (Europe) Ltd, an entity which was licensed as an Electronic Money Issuer with the UK's Financial Services Authority (FSA) from 2004. This ceased in 2007, when the company moved to Luxembourg.[94]**In India, as of January 2010, PayPal has no cross-border money transfer authorization. In The New York Times article "India's Central Bank Stops Some PayPal Services", Reserve Bank of India spokesman Alpana Killawalla stated: "Providers of cross-border money transfer service need prior authorization from the Reserve Bank under the Payment and Settlement Systems Act, PayPal does not have our authorization."[95] PayPal is not listed in the "Certificates of Authorisation issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007 for Setting up and Operating Payment System in India".[96] PaisaPay is an Indian sister service to PayPal, and is also owned by eBay.[97] PaisaPay makes possible payments from abroad by PayPal account holders to Indian sellers on eBay.in.**In Australia, PayPal is licensed as an Authorised Deposit-taking Institution (ADI) and is thus subject to Australian banking laws and regulations.A global leader in payments**Online shoppers love the convenience and security of PayPal, where they can pay from their PayPal balance, debit or credit card, or bank account. The PayPal logo may also reassure buyers who may be unfamiliar with a particular merchant. With more than 179 million active customer accounts worldwide, adding PayPal as a payment option to your WooCommerce store is sure to be noticed.**A fast, easy payment experience**PayPal Express Checkout for WooCommerce allows your customers to skip the WooCommerce checkout and use PayPal instead, taking fewer clicks across fewer screens. When customers who have a PayPal account click on the PayPal button from the shopping cart, they return with the checkout page pre-filled with information from PayPal. Fewer steps at checkout can help improve conversion up to 44%1. It’s a quick-and-easy payment solution that can help increase sales.**Why use PayPal Express Checkout for WooCommerce?**Get started with the extension for free*Accept PayPal and/or all major credit and debit cards – Visa®, MasterCard®, American Express®, Discover®, Diner’s Club, and JCB*Accept payments in almost any currency*Reduce your security

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