PayPal’s Cybersecurity Failures Lead to $2 Million Fine

The official newsletter of MSC Security

Welcome to this week’s edition of The Keys To Cyber Digest by MSC Security! We’re here to arm you with knowledge, protect what matters, and sprinkle in a little humor along the way. Because while cybersecurity is serious business, staying safe online can still be a little fun.

This Week’s Highlights

Cyber Parenting: How to Keep Your Family Safe Online

Are you worried about the online safety of your family in 2025? With the rise of online predators, cyberbullying, and identity theft, it's more important than ever to take steps to protect your loved ones from online dangers. In this video, we'll share expert tips and strategies to help you keep your family safe online, from setting up parental controls to teaching your kids about online safety. Stay one step ahead of online threats and give your family the peace of mind they deserve.

PayPal’s Cybersecurity Failures Lead to $2 Million Fine

The New York State Department of Financial Services (NYDFS) has imposed a $2 million fine on PayPal, Inc. for violations of its stringent cybersecurity regulations.

The penalty stems from failures in PayPal’s cybersecurity practices that led to a data breach in December 2022, exposing sensitive customer information, including Social Security numbers (SSNs), names, and dates of birth.

The breach occurred after PayPal implemented changes to its data flows to make IRS Form 1099-Ks accessible to a broader customer base.

FCC enacts rule requiring telecom operators to secure networks

The Federal Communications Commission on Thursday made good on a pledge it made last month to strengthen rules requiring telecom operators to secure their networks from attack or intercept. 

The declaratory ruling, which took effect immediately, clarifies that telecom operators are legally obligated to secure networks under Section 105 of the Communications Assistance for Law Enforcement Act. 

The FCC also published a notice of proposed rulemaking, which calls for a wide range of communications services providers to develop and implement cybersecurity and supply chain risk management plans.

Stay Connected & Take Action!

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We’re on a mission to make cybersecurity understandable, approachable, and even a bit entertaining. Every click and every decision can make a difference. Thanks for trusting MSC Security to help keep your digital life safe.

Talk soon,

The MSC Security Team

PS: “You’re only one bad password away from inviting hackers to the party. Make your password strong enough to crash their plans.”