Jeffrey Varnado

Former Ebay Sellers vs. Ebay, Inc.
2014-05-30 12:00:12 (UTC)

First PayPal...

http://www.valuewalk.com/2014/05/vw-ceos-paypal-hacked/ From the ValueWalk article by Michelle Jones: "First PayPal hack related to eBay breach?

As it turns out, the timing of the hack lines up just about right with the eBay breach, as the first unauthorized transfer was dated May 23. eBay’s messages to users say that if they changed their passwords on May 21 or after, their accounts are safe.

The company continues to deny that the eBay breach earlier this month resulted in any compromise to PayPal accounts. A PayPal spokesperson emailed ValueWalk this response after we contacted them to find out if the hack of Jacob’s account could have been related to the eBay breach:

“eBay has no evidence of unauthorized access or compromises to personal or financial information for users of PayPal. PayPal data is stored separately on a secure network, and all PayPal financial information is encrypted. In addition to asking users to reset passwords, eBay Inc. said it encourages any eBay user who used the same password on other sites to change those, too.”

Of course, there’s also the chance that this was an isolated incident. It’s not uncommon for people’s accounts to be hacked. This time they just managed to hit up the CEO of a high-traffic website. But either way, it’s a warning to everyone who uses eBay Inc (NASDAQ:EBAY) and PayPal to change their passwords on both accounts—just in case.

One representative for PayPal initially told Jacob that the hack on his account wasn’t related to the eBay breach. However, a representative in the company’s security department told him that if the passwords on both his eBay and PayPal accounts were the same, the hack on his account could indeed have been related. Jacob also notes that ValueWalk’s corporate PayPal account was not compromised, but there is no eBay account associated with it and the password was different than that of his personal account.

eBay, PayPal say accounts not compromised

You’ve probably already seen numerous statements from eBay Inc (NASDAQ:EBAY) and PayPal stating that its customers’ information was not compromised in the eBay breach...
But this calls all those statements into question."





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