PayPal Fined $2 Million Fine For Violating Cybersecurity Regulations

The New York State Department of Financial Services (NYDFS) has imposed a $2 million penalty on PayPal, Inc. for breaches of the state’s stringent cybersecurity regulations. The fine marks a significant move in ensuring accountability for financial institutions handling sensitive customer data. An investigation led by NYDFS revealed that PayPal failed to engage qualified personnel […]

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