PayPal Says 1.6 Million Customer Details Stolen in Breach [source: bleepingcomputer]
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.
On November 10, PayPal suspended the operations of TIO’s network. The company admitted that a security breach took place, but did not provide any other details.
In a press release published in a late Friday afternoon news dump, PayPal provided more details about the incident.
For more, click here.