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PayPal discloses data breach that exposed user info for 6 months

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Re: PayPal discloses data breach that exposed user info for 6 months

#51
post #41

Earlier quoted context omitted.

These are often undesirable features for SMEs that need to be accountable for a variety of reasons, including KYC regulations; besides, while blockchains provide protocol-level security, they fail in two ways that do matter to consumers: - They provide no meaningful consumer protections (since this necessarily requires an authority, which blockchains may not have) - They don't protect at all against meatspace vulnera…

Cash has no consumer protections. I use it all the time. I don't expect to have any consumer protections from crypto either.

Cash has the protection that I don't get my wallet cleared because some JavaScript library got supply-chained.

Or less snarky: it's simply harder to steal something or defraud someone in meatspace than in the Internet, so less protection should be necessary.

Re: PayPal discloses data breach that exposed user info for 6 months

#52

I recently tried to sign up for paypal, "tried" being the operative word since their garbage, broken processes couldn't verify me despite bank info, etc. After seeing their profound incompetence at customer acquisition, ineptitude on the security front is no surprise.

I think in general, it's getting harder and harder to 1. newly sign up for online services, and 2. come back to these services after long periods of inactivity. Everyone's got overly-aggressive automation that blocks you for no discernible reason, and endlessly requests more and more invasive "verification" schemes. I hardly ever use my Microsoft account. Probably haven't logged into it for years. But recently I want…

I've noticed this as well. It's kind of insane how hard it is to sign up for popular services.

Re: PayPal discloses data breach that exposed user info for 6 months

#53
post #3

Earlier quoted context omitted.

It's one of those "suspiciously specific denials" They didn't delay the release because of law enforcement investigation, it doesn't say they didn't delay the release. There's a whole host of reasons besides "law enforcement investigation" to delay an embarrassing release, including "I don't wanna"

The quote is: "We have not delayed this notification as a result of any law enforcement investigation" The obvious example here would be if the NSA or other agency that isn't law enforcement led the investigation. But further abuse of the English language reveals a different conclusion. This was not delayed as a result of any law enforcement investigation. It could have been delayed as a result of a specific law enfo…

if they were trying to hide an investigation, they just wouldn’t mention it

Re: PayPal discloses data breach that exposed user info for 6 months

#54
post #46

Earlier quoted context omitted.

Wasn't PayPal at least at one time an easier way to support foreign transactions? Stripe was US-only last time I used it (which was years ago).

People in most countries can use Visa and Mastercard to pay across borders, and have been able to do so long before PayPal existed (at least back as far as the 1980s). But PayPal probably existed and was easier for merchants in more countries than other payment services at certain points.

I guess what I meant was that with Stripe you had to have to a US bank account, at least that's what I remember last time I used it. Was that the case for PayPal?

Re: PayPal discloses data breach that exposed user info for 6 months

#55
I am still pissed at PayPal for stealing some money from me (this was probably a decade ago) - I opened a new PayPal account in India, and PayPal required me to add a Debit Card (Mastercard or Visa) to it. It also said that to verify the card, it would debit a dollar or two from it, and then refund it back. Bastards stole around Rs. 100 from me and never refunded it! (I was a broke student back then, so it hurt! :). In the midst of all that, India tightened its regulations on non-banking online transfers, and I don't remember exactly, but I think PayPal chose to partially exit the Indian market (because it couldn't compete and / or because it didn't want to abide by the regulations). Ebay also shut down in India around that time, if I remember right.

Re: PayPal discloses data breach that exposed user info for 6 months

#58

Almost 20 years ago now paypal stole my $15 for no cause, I bought a videogame with it once off a major website, had $15 in it sitting around for 6 months, tried to use it to buy something off ebay and got locked out instantly. Then demanded all sorts of hoop jumping to get it back with notarized license and crap. Ive been saying screw them ever since, and not once have I regretted it. Every year there is some more s…

I thought companies can't profit off of unclaimed/abandoned money.

Was under the impression that funds like that eventually get handed over to whatever state agency is responsible for dealing with unclaimed property.

(If so, the cause might just be incompetence rather than greed or malice - not that incompetence is any better than malice when it comes to handling people's money)

Re: PayPal discloses data breach that exposed user info for 6 months

#59
post #33

Earlier quoted context omitted.

Paypal G&S generally always gets money back if something went wrong on a p2p transaction. I've been scammed once or twice, but I always use G&S and have received my money back in full. If you don't use that, then you're pretty much screwed with Paypal F&F, Zelle, Cashapp, Venmo etc. At least as far as I'm aware.

Venmo has a g&s equivalent. Not sure about the others

Venmo is owned by PayPal

Re: PayPal discloses data breach that exposed user info for 6 months

#60

Almost 20 years ago now paypal stole my $15 for no cause, I bought a videogame with it once off a major website, had $15 in it sitting around for 6 months, tried to use it to buy something off ebay and got locked out instantly. Then demanded all sorts of hoop jumping to get it back with notarized license and crap. Ive been saying screw them ever since, and not once have I regretted it. Every year there is some more s…

I remember a long time ago on Reddit I saw a post saying (paraphrasing) "AMA: PayPal locked up $600,000 of my money because my video game is selling so quickly they think it is a scam." Turns out this was Notch selling early alpha versions of Minecraft off his personal website, which totally did look like a scam at the time.
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