PayPal's TIO network data breach hits 1.6m customers

Source PayPal

Last week, Paypal confirmed that following an internal review of TIO Network, they discovered evidence which suggested that TIO Network users were affected by a massive data breach.

This issue only affects customers who paid by check or cash at an authorized walk-in payment processing center, and not customers who paid via credit card or another form of payment.

However, the company did emphasize that no Paypal user has been affected by the breach.

Global digital payments platform Paypal has identified a potential compromise of personally identifiable information for approximately 1.6 million customers on TIO Networks - a Canadian payments platform owned by Paypal.

Source Getty Images
Source Getty Images

However, the incident will be some cause for embarrassment at the firm, especially as it only acquired payment processor TIO Networks in July. Numerous consumers who used TIO's payment methods were lower income consumers, according to the Attorney General's office. "I expect other businesses that experience hacks or breaches moving forward will do the same".

A PayPal spokesman told us that the data that may have been impacted included names, addresses, bank account details, Social Security numbers and login information. PayPal said free credit monitoring will be provided to those affected by the breach.

It calls to mind Verizon's revelations in October, shortly after it acquired Yahoo, that a 2013 breach of the company had actually compromised not one but three billion user accounts. And, according to reports, the company hasn't yet even contacted all customers.

In a press release, Attorney General Josh Sharpiro said: "We want Pennsylvanians who believe they've been affected by this latest breach or the other breaches to file complaints with us".

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