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CAPP -> CAPP -> PayPal Hacks Continue in Singapore
Post Info TOPIC: PayPal Hacks Continue in Singapore
budnonymous


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PayPal Hacks Continue in Singapore
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PayPal Hacks Continue in Singapore

MaddiRuhl on Monday May 27, 2013 10:08:40 AM
 
More users in Singapore are becoming theft victims of PayPal hackers every day, some losing more than $3,000.

PayPal users in Singapore are increasingly experiencing fraudulent activity on their PayPal accounts. While PayPal denies that they have been hacked, more and more users are finding suspicious charges, some for thousands of dollars, which they did not make. PayPal has responded by suggesting that users are clicking on links or opening emails which allow access to their sensitive information online. Even so, this would not be the first time that PayPal has been hacked. Users are especially on-edge when something like this happens, however, because of their compromised finances.

"I was shocked. My credit card was with me. How could it have happened?" stated Janice Leow, who discovered over $3,000 of charges which she did not make. ...
 
 
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budnonymous


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Call to regulate e-payment firms after fraudulent PayPal transactions

Customers, experts flag risk after recent fraudulent PayPal transactions

By Irene Tham Technology Correspondent

SOME consumers and security experts are calling for e-payment service providers to be regulated like banks following a series of fraudulent PayPal transactions on users' credit cards recently.

This comes after The Straits Times reported over a week ago that hackers had stolen from a larger-than-usual number of Singapore PayPal accounts in the last two months, with losses ranging from $50 to more than $3,000.

Pharmaceutical executive Lim Mei Ee, 30, said the relevant authorities should "put pressure" on PayPal to add more security layers before letting a credit card purchase go through.

This includes requiring users to enter a one-time password (OTP) - randomly generated on security tokens or sent via text messages to users' mobile phones.



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