PayPal announced on Friday that a $238 million company it purchased in July has been chewed through by the hacker moths.
Big moths. Big holes.
Following PayPal’s purchase of the Canadian company – which runs a network of over 60,000 utility and bills payment kiosks across North America – it found evidence of unauthorized access to TIO’s networks and hence suspended TIO’s operations.
As PayPal said in November, when it suspended TIO operations, its investigation turned up unauthorized access at locations that stored personal information of some of TIO’s customers and customers of TIO billers.
Fortunately, we don’t have to lunge for our PayPal accounts this time around: PayPal says that TIO systems are separate from its own.
A review of TIO’s network has identified a potential compromise of personally identifiable information for approximately 1.6 million customers. The PayPal platform is not impacted in any way, as the TIO systems are completely separate from the PayPal network, and PayPal’s customers’ data remains secure.
PayPal says that TIO has started to notify potentially affected companies and individuals. The company is also working with a consumer credit reporting agency to provide free credit monitoring memberships. If you’ve been affected, you’ll be contacted, PayPal said, and you’ll receive instructions on how to sign up for monitoring.
PayPal is directing TIO users to visit the TIO Networks website for more details.
2 comments on “PayPal’s TIO Networks breached; PII of 1.6 million users affected”
Is there anyone left who’s PID hasn’t been compromised?! Was that an echo??
I for one are tired of hearing about companies being hacked. Its high time all companies develop their systems to be hack free, the alternative is to pay everything in cash that will ruin many companies. If companies want customers to pay on line or thru draft they need to accept all loss to customers.