PayPal Credential Stuffing Attack Affects Thousands

  • By Steven
  • Jan 20, 2023

PayPal Data Breach

Credential stuffing occurs when one hack, usually a surprisingly small one, offers a hacker the ability to steal someone’s login credentials for one site, profile, or account and attempts to use it to gain access to other accounts in the same person’s name. According to Auth0, 65% of people use the same password across multiple – or sometimes all – of their accounts. Imagine using the same password for your Spotify account, Walmart account, bank account, and student loans. One of these is incredibly likely to get hacked, and it would be easy for a hacker to take that password and use it for numerous accounts. 

How Did the Attack Occur?

Between December 6th and 8th, 2022, a hacker was able to access 35,000 individuals’ PayPal accounts using stolen credentials. An investigation was launched on the 20th of the same month and discovered the data breach and its magnitude. A review immediately began to ensure that it would take all possible precautions and to see what information may have been accessed. PayPal found that the hacker had acquired very sensitive information.

What Information Was Viewed or Stolen?

PayPal accounts usually contain social security numbers, addresses, names, birthdays, and tax identification numbers, so it’s safe to assume that these details were accessed in the beach. This can have detrimental effects on the victims, and, unfortunately, there isn’t a lot to do after the data is stolen besides monitoring your information. Luckily, PayPal is offering two years of free credit monitoring with Equifax.

How Did PayPal Admit to the Breach?

PayPal admitted to the breach by sending notifications to every affected individual. This couldn’t have been an easy task, as tens of thousands of individuals around the world were affected. This is a relatively small-scale breach in comparison to many of the breaches we write about; the largest breach in history was on Yahoo! and it affected 1.5 billion people. However, that does not make it any less important, especially considering how much information is contained in a PayPal account.

What Will Become of the Stolen Information?

If you’re one of our more avid readers, thank you! But more importantly, you may remember our articles on The North Face and Norton credential stuffing attacks. The first thing the hackers will most likely do is use your credentials for other accounts. That’s why every breach notification for a credential stuffing attack will tell you to change the password on any account with the same or a similar password.

What Should Affected Parties Do in the Aftermath of the Breach?

After any credential stuffing attack, the first thing to do is to change your password; make it harder and, if possible, weirder. Add uppercase and lowercase letters, numbers, symbols, or all of the above. Try taking a line from your favorite song and changing some of the letters to numbers, hashtags, or other symbols. This will make it easier for you to remember your password but will make it much, much harder for hackers to breach your accounts.

About the Author
IDStrong Logo

Related Articles

Instagram Vulnerability Allowed Hackers Access to Control Your Phone

Security experts Check Point Research discovered a critical vulnerability while examining Instagra ... Read More

Alien Malware Infects More than 226 Mobile Apps and Steals Bank Data

As reported on September 24, 2020, by ZDNet and ThreatPost, a new strain of malware named “A ... Read More

Universal Health Systems Hit by Ransomware Attack

Universal Health Systems (UHS), a Fortune 500 company owning more than 400 hospitals across the co ... Read More

Exchange Server Bug Exposes a Big Risk to Hackers

Months after Microsoft released a patch to fix a serious flaw in MS Exchange Server, more than 61% ... Read More

Clients’ Bank Data Exposed in Blackbaud Ransomware Attack

Blackbaud software was victim to a ransomware attack last May, and new information suggests that c ... Read More

Latest Articles

Pennsylvania Maternal & Family Health Services Announces Ransomware Attack

Pennsylvania Maternal & Family Health Services Announces Ransomware Attack

Anyone paying even little attention to cybersecurity knows that medical practices and services are some of the most targeted institutions in the world.

Weekly Cybersecurity Recap January 27

Weekly Cybersecurity Recap January 27

This week, our lineup is pretty hard-hitting. Some of the biggest names in, well, everything, have been hacked, with a combined victim total of well into the millions.

MailChimp Announces Data Breach Affecting Tiny Number of Customers – With Big Ripples

MailChimp Announces Data Breach Affecting Tiny Number of Customers – With Big Ripples

MailChimp has been hacked repeatedly over the years; there is very little surprise in the breach, though one thing should be considered.

Featured Articles

How to Buy a House with Bad Credit

How to Buy a House with Bad Credit

Buying your own home is the American Dream, but it might seem out of reach to those with bad credit. However, the good news is, if your credit is less than perfect, you do still have options and in most cases, can still buy a home.

How Secure Is Your Password? Tips to Improve Your Password Security

How Secure Is Your Password? Tips to Improve Your Password Security

Any good IT article on computers and network security will address the importance of strong, secure passwords. However, the challenge of good passwords is that most people have a hard time remembering them, so they use simple or obvious ones that pose a security risk.

Top 10 Senior Scams and How to Prevent Them

Top 10 Senior Scams and How to Prevent Them

Senior scams are becoming a major epidemic for two reasons. First, seniors often have a lot of money in the bank from a life of working hard and saving.

Free Identity Threat Scan
Instantly Check if Your Personal Information is Exposed
All fields below are required
Please enter first name
Please enter last name
Please enter a city
Please select a state
Please enter an email address
Close