The $2 million fine isn't much for such a big company, but the more effective penalty is the public seeing how unsafe PayPal was being. It shows how serious the company's cybersecurity problems were.

PayPal fined $2 million for cybersecurity lapses in late 2022. Data breach exposed sensitive information, including Social Security numbers. New York's Department of Financial Services led the ...

PayPal PYPL.O will pay a $2 million civil fine over cybersecurity failures that led to the exposure of customers' Social Security numbers in late 2022, New York state's Department of Financial ...

PayPal has been fined $2 million by New York State for failing to comply with cybersecurity regulations, leading to a data breach that exposed personal information of 35,000 customers in 2022.

The settlement terms mandate that PayPal must pay a fine of $2 million within 10 days, while no further action will be taken unless New York's DFS discovers new violations. 8 Common Threats in 2025 ...

New York regulators fined PayPal $2 million after an investigation by New York's Department of Financial Services (DFS) revealed a serious security breach that exposed customer's personal data ...

PayPal data breach exposed user logins, raising fresh concerns about PayPal security and what users can do to protect their ...

On January 23, 2025, the New York Department of Financial Services (“NYDFS”) announced a $2 million civil fine against PayPal, Inc. (“PayPal”) for alleged cybersecurity failures that ...

PayPal has to pay a $2 million settlement over a data breach from 2022. In the consent order dated January 23, 2025, there is mention of events related to that data breach.