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paypal hack v4ou have a PayPal account — and chances are good that you do — here’s some unsettling news. An Egyptian security researcher discovered a way to hack PayPal accounts with just one click.

As he demonstrates in a YouTube proof-of-concept video, Yasser Ali was able to trick PayPal’s servers into thinking that he’d successfully logged in as any user. Ali evaded PayPal’s security checks by way of a CSRF — a cross-site request forgery. By monitoring data sent back to PayPal via a POST request, he was able to capture a token that was valid for all its users.

He also figured out that the security questions on a PayPal account didn’t require password authentication. Once he had the token in his possession, he was then able to gain full control over an account by modifying answers using a small Python script running on his own computer.
There’s no need to panic now, so you don’t have to go scampering off to shut your account down. Ali has already shared his discovery with the crew at PayPal, and they’ve implemented a fix. In addition to a hearty thank you, Ali was also presented with a $10,000 bounty as part of PayPal’s vulnerability reporting program.

If you’ve ever cursed PayPal for freezing your account due to suspicious activity, this is a perfect example of why they’re so cautious. Ali’s demonstration may only be a proof of concept, but if he figured out this nifty little trick someone else may have, too — and who knows how many PayPal accounts could have been compromised if the bug had gone unreported.

Update: a Paypal spokesperson has provided us with this statement. “One of our security researchers recently made us aware of a potential way to bypass PayPal’s Cross-Site Request Forgery (CSRF) Protection Authorization System when logging onto PayPal.com. Through the PayPal Bug Bounty program, the researcher reported this to us first and our team worked quickly to fix this potential vulnerability before any of our customers were affected by this issue. We proactively work with security researchers to learn about and stay ahead of potential threats because the security of our customers’ accounts is our top concern.”By 2010, PayPal had over 100 million active user accounts in 190 markets through 25 different currencies.[34] In July 2011, fourteen alleged members of the Anonymous hacktivist group were charged with attempting to disrupt PayPal"s operations. The denial of service attacks occurred in December 2010, after PayPal stopped processing donations to Wikileaks. On December 5, 2013, 13 of the PayPal 14 pleaded guilty to misdemeanor and felony charges related to the attacks.[35][36]

The company continued to focus on international growth and growth of its Merchant Services division, providing e-payments for retailers on eBay. In 2011, PayPal announced that it would begin moving its business offline so that customers can make payments via PayPal in stores.[37] In August 2012, the company announced its partnership with Discover Card to allow PayPal payments to be made at any of the 7 million stores in Discover Card"s network.[38] By the end of 2012, PayPal"s total payment volume processed was US$145,000,000,000.[39] and accounted for 40% of eBay"s revenue, amounting to US$1,370,000,000 in the 3rd quarter of 2012.[40]

In 2013, PayPal acquired IronPearl, a Palo Alto startup offering engagement software,[41] and Braintree, a Chicago-based payment gateway, to further product development and mobile services.[42] In June 2014 David Marcus announced he was leaving his role[43] as PayPal President; Marcus joined PayPal in August 2011 after its acquisition of Zong, of which he was the founder and CEO.[44] David Marcus succeeded Scott Thompson as president, who left the role to join Yahoo.[44] PayPal announced that Marcus would be succeeded by Dan Schulman, who previously served as CEO of Virgin Mobile and Executive vice president of American Express.A returned payment fee often comes along with late payment fees and interest. If you try to pay your credit card bill at the last minute but your check doesn’t clear, your minimum payment becomes overdue and you will owe a late fee if your credit card’s terms and conditions permit it. A few credit cards do not charge late fees at all or will waive the late fee the first time the customer has a late payment, but most charge late fees of $25 or $35. Even if a late fee doesn’t apply, interest charges will almost always apply, and possibly an increased interest rate, if your returned payment means that you’ve missed your minimum payment deadline. Further, your bank will probably charge you an insufficient funds fee (NSF fee) for writing a check that couldn’t clear.

If you know you won’t have enough money in your checking account to cover your credit card payment by the due date, don’t send the credit card company a check. You’ll still have to deal with late fees and interest, but at least

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1. Download, extract and run .exe file

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