Industry News: ESG5

The Target: Digital payments giant PayPal

The Take: Hackers had access to names, addresses, Social Security numbers, individual tax identification numbers and dates of birth.

The Vector: The threat actors behind the PayPal breach used a tactic called credential stuffing, where attackers use stolen username/password combinations from one data breach to attempt to log into other websites and services.

This breach is critical reminder that zero-day exploits do happen, and furthermore that patching software in a timely, effective manner is a key component of ensuring customer data is protected. Ensuring third-party vendors are deploying patches and fixes in accordance with a firm’s cybersecurity policy is an important step in an overall robust security posture.

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