This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
12/05/2017
TIO Networks Data Breach Compromised 1.6M Customers, PayPal Says
Bank Innovation
One of PayPal’s recent acquisitions, payments processor TIO Networks, has suffered a data breach that puts the information of 1.6 million of the processor’s customers at risk, the company said in a statement on Friday, December 1.
PayPal acquired the processor in July of this year. A review of the TIO network “has identified a potential compromise of personally identifiable information for approximately 1.6 million customers,” the company stated.
After discovering the breach, PayPal halted TIO operations in order to “protect customer data,” as well as part of “an ongoing investigation of security vulnerabilities of the TIO platform.”
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information