PayPal's TIO network data breach hits 1.6m customers
PayPal's TIO network data breach hits 1.6m customers
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05 December, 2017, 22:51
Mosier said personal information that may have been compromised includes, name, address, Duke Energy account number, account balance and banking information, if the customer paid by check.
On Friday, a company that Duke Energy uses to process customer payments at walk-in locations announced a potential breach of personal information for about 1.6 million customers, including 374,000 Duke Energy customers. The Vancouver, Canada-based company's customer base is mostly in the US.
No details on the type of information exposed have yet been revealed; however, PayPal says the unauthorized access was "ongoing".
In yet another data breach of the year, PayPal has admitted that it was an indirect victim of a security breach that resulted in the leak of over 1.6 million customers' data.
'PayPal suspended the operations of TIO to protect customer data as part of an ongoing investigation of security vulnerabilities of the TIO platform.
PayPal acquired TIO Networks in July for $238 million in its efforts to expand services to financially underserved cosnumers. "We will continue to communicate important updates to customers", TIO added.
PayPal suspended the operations of TIO in November, after discovering a number of unidentified security vulnerabilities and initiating an internal investigation to review the platform.
PayPal has also promised to offer free credit monitoring memberships to all affected customers of TIO Networks, aside from working with all companies that the latter serves to identify and notify affected customers. We sincerely apologise for any inconvenience caused to you by the disruption of TIO's service, ' said TIO Networks in a statement.
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