PayPal Subsidiary Pwned…. 1.6 Million Customers Affected

Bleepingcomputer has details on a hack of a subsidiary in Canada:

PayPal says that one of the companies it recently acquired suffered a security incident during which an attacker appears to have accessed servers that stored information for 1.6 million customers. The victim of the security breach is TIO Networks, a Canadian company that runs a network of over 60,000 utility and bills payment kiosks across North America. PayPal acquired TIO Networks this past July for $238 million in cash.

PayPal reportedly suspended the operations of TIO’s network on November 10th. Though we are only finding out about this hack a month later via a press release. That’s a bit of a #fail. As always, affected customers will be notified and the usual free credit monitoring is being offered. But you have to wonder what it will take to make companies do more to protect themselves from pwnage?

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