PayPal has been fined $2 million for cybersecurity failures New York State Department of Financial Services fine follows a 2022 data breach DFS says PayPal failed to properly train workers on security practices Regulators in New York have issued a $2 million fine to financial service giant PayPal over cybersecurity failures which exposed personally identifiable information (PII) of tens of thousands of customers.

PayPal’s mismanagement of cybersecurity led to unauthorized access to customers’ Social Security numbers and other private information. ・Consumer Impact: Affected users faced heightened risks of identity theft due to these lapses.

PayPal Holdings (PYPL) agreed to pay a $2M penalty to New York State for violations of the state's Department of Financial Services cybersecurity regulation, DFS Superintendent Adrienne A. Harris said on Thursday.

PayPal, Inc., one of the world’s leading financial technology firms, has agreed to pay a $2 million penalty to New York State following a cybersecurity breach that exposed sensitive customer information, including Social Security numbers.

PayPal has been fined $2 million by New York State's Department of Financial Services for cybersecurity failures that exposed customers