paypal hack v3.1 registration keyThe eBay owned popular digital payment and money transfer service, PayPal has been found to be vulnerable to a critical web application vulnerability that could allow an attacker to take control over users" PayPal account with just a click, affecting more than 156 millions PayPal users.An Egyptian security researcher, Yasser H. Ali has discovered three critical vulnerabilities in PayPal website including CSRF, Auth token bypass and Resetting the security question, which could be used by cybercriminals in the targeted attacks.
Cross-Site Request Forgery (CSRF or XSRF) is a method of attacking a website in which an attacker need to convince the victim to click on a specially crafted HTML exploit page that will make a request to the vulnerable website on their behalf.
Mr.Yasser demonstrated the vulnerability step-by-step in the Proof-of-Concept (PoC) video using a single exploit that combines all the three vulnerabilities. According to the demo, using Paypal CSRF exploit an attacker is able to secretly associate a new secondary email ID (attacker"s email) to the victim"s account, and also reset the answers of the security questions from target account.
PayPal uses security Auth tokens for detecting the legitimate requests from the account holder, but Mr. Yasser successfully bypassed it to generate exploit code for targeted attacks, as shown in the video.Early history[edit]
PayPal was established in December 1998 as Confinity,[13] a company that developed security software for handheld devices[14] founded by Max Levchin, Peter Thiel, Luke Nosek and Ken Howery.[13][15] PayPal was developed and launched as a money transfer service at Confinity in 1999, funded by John Malloy from BlueRun Ventures.[16][17]
In March 2000, Confinity merged with X.com, an online banking company founded by Elon Musk.[18] Musk was optimistic about the future success of the money transfer business Confinity was developing.[19] Musk and then-president and CEO of X.com, Bill Harris, disagreed on this point and Harris left the company in May 2000.[19] In October of that year, Musk made the decision that X.com would terminate its other Internet banking operations and focus on the PayPal money service.[20] The X.com company was then renamed PayPal in 2001,[21] and expanded rapidly throughout the year until company executives decided to take PayPal public in 2002.[15][22] Paypal"s IPO listed under the ticker PYPL at $13 per share and ended up generating over $61 millionSecurity[edit]
Security token[edit]
Main article: Security token
In early 2006, PayPal introduced an optional security key as an additional precaution against fraud.[103] A user account tied to a security key has a modified login process. The account holder enters his or her login ID and password as normal, but is then prompted to enter a six-digit code provided by a credit card sized hardware security key or a text message sent to the account holder"s mobile phone. For convenience, the user may append the code generated by the hardware key to his or her password in the login screen. This way he or she is not prompted for it on another page. This method is required for some services, such as when using PayPal through the eBay application on iPhone.
This two-factor authentication is intended to make it difficult for an account to be compromised by a malicious third party without access to the physical security key, although it does not prevent so-called Man in the Browser (MITB) attacks. However, the user (or malicious third party) can alternatively authenticate by providing the credit card or bank account number listed on his or her account. Thus the PayPal implementation does not offer the security of true two-factor authentication.[104]
MTAN[edit]
It is also possible to use a mobile phone to receive an mTAN (Mobile Transaction Authentication Number) via SMS.[105] Use of a security code that is sent to the account holder"s mobile phone is currently free.
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