PayPal fined by New York for cybersecurity failures
Portfolio Pulse from
PayPal has been fined $2 million by New York for cybersecurity failures that exposed customers' Social Security numbers.
January 23, 2025 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
PayPal has been fined $2 million by New York for cybersecurity failures that exposed customers' Social Security numbers.
The fine indicates a significant cybersecurity lapse, which could affect investor confidence and lead to short-term stock price decline. The financial penalty, while not large relative to PayPal's size, highlights potential vulnerabilities in their systems.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100