We talk a lot about security on DecryptedTech and with good reason, there are a ton of threats out there and this list just keeps getting longer. This is why we tend to get annoyed with large corporations when they either skimp on security or botch the job. This is apparently the case in with eBay owned PayPal. For a while PayPal has been highlighting their 2FA (Two Factor Authentication) as a great way to protect your financial data and it is… unless you screw up the implementation.
services, specifically in the area of electronic exchange of money between users of their networks. Facebook is reportedly waiting for the permission from the central bank of the Republic of Ireland, which would make the social network an institution for electronic payment, exchange and storage of funds modeled after the popular PayPal service in Europe.
A marketing research company, Reputation Leaders conducted a survey for PayPal on customers' habits on the Internet during holiday shopping. Online survey was conducted in November and included 4,524 respondents from nine countries (Australia, France, Italy, Canada, Germany, Russia, Singapore, the UK and the US), ranging from 16 up to 64 year of life.
PayPal last year launched their system called Here, which allows users to buy products in certain stores that support their system of "digital wallet". It enables customers to pay by simply placing their smartphone near the PoS device, instead of using cash credit cards.
Almost everyone is familiar with eBay, the online auction/retail site where consumers can go to bid on or purchase almost anything, ranging from paperclips and toast that looks like Elvis to houses and cars. Ebay offers a place to sell collectables, odds and ends, and various one of a kind products that are nigh impossible to come by elsewhere. A key feature of eBay is its close integration with PayPal, which offers buyers an added level of protection against fraud.
It looks like none of the big companies can avoid the trend of releasing their workers. Now it's PayPal's turn and they intend to cut around 3% of the workforce, making it up to 400 jobs. This is an idea coming from PayPal's president David Marcus in the hope that it will help reorganize the payment company and cut additional costs. The cuts will have the biggest impact on the product and technology groups and will be taking place in the next few weeks. PayPal currently has around 13,000 employees.
As they have experienced a lot of problems with their users, PayPal decided to put an end to it. Many PayPal users get annoyed and sue them for holding funds under review for no reason even making changes to user accounts without their permission. A few days ago PayPal decided to change that and updated their policy, so now users must mail in an “opt out” form if they want to keep the ability to sue PayPal in case something goes wrong.
Today if you want to buy something, you can be almost 100% you will find it on ebay. But from August 30th you wont be able to find anything that is declared as “magic“, “psychic readings“, or “prayers“. Right now you are probably thinking who would even want to buy stuff like this, but there are all sorts of people, and obviously there are some that are exploiting that. So this is the last month you will be able to buy items like “advice“, “spells“, “curses“, “hexing“, “conjuring“, “blessing services“, “magic potions“ etc. Even though all of these sound a lot Skyrimish they can be found all over eBay at the moment.
Anon has something of a reputation (like you did not know that). Its reputation is often enough to put fear into people or corporations. So when Anonymous put out a call on their IRC channel targeting PayPal and asking for a mass walkout. Many people left, we would be willing to wager that many of these left because they were scared of Anon hacking the internet bank (yes PayPal is a bank). Of course you have to wonder about why Anon would target PayPal in the first place… Well that is a pretty long story.