![]() ![]() PayPal uses a security layer called key pinning to ensure that your browser is communicating with a legit PayPal server. So, how concerned should we be about these vulnerabilities? If your business uses PayPal as a form of accepted payment, should your business discontinue this practice and consider an alternative online payment system? Before jumping to conclusions, let’s first look at how PayPal safeguards its accounts and then how these safeguards have been compromised. CyberNews analysts discovered vulnerabilities that would allow someone to access a user’s PayPal account by phishing their credentials or using stolen credentials purchased on the dark web. A recent login hack, however, has put the company’s security in question. 36 percent of North American retailers accepted PayPal as of December 2018, and in the fourth quarter of 2019, there were 305 million active PayPal accounts worldwide. ![]() ![]() PayPal is widely accepted as a secure way to conduct online transactions. ![]()
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