How Safe Is Your PayPal Account?

by: sasikat9

Its so safe that we dump the days deposits into our banking account each afternoon. Now thats safe.

by: comments

I have my concerns with paypal, but account security is not one of them. Unauthorized payments are typically covered and most people don't know the last 4 of your social and CC unless they are family. If your family is stealing from you then you have bigger problems then the security of paypal.  

by: imbloated

social security numbers are available in older publicly available court documents, to school,medical and insurance receptionists, and credit card numbers are available to any clerk where he card has been used.  These methods are useless, and this info are sold, as the poster wrote.

by: Tiffee Jasso

I think there ought to be at least one if not two security questions asked. If the person knows the name of your pet and your Aunt Tilda's name then it is family or they have broken into the back door and downloaded the info. I do recall getting a spoof email from Paypal. Since I had just registered the email with Paypal and no one else, I notified Paypal they had a leak somewhere or an employee that was selling information. It is kind of hard to cover all the various bases that are involved in security on the internet where a high school kid can break into the Pentagon. How can anyone keep ahead of them?

by: RawFoodGuy

There has been a solution to this already for many years on Paypal and eBay. It should get more promo though. I have a physical Paypal security key that generates a unique new 6 digit login key every few seconds. When you sign up for that you must login with your password then enter a fresh, just-generated security key. I got it after being hacked and for years since haven't had another problem in PayPal or eBay. Highly recommended...and deals with this problem once and for all in my experience.

by: frustrated

How can they keep ahead of them??

Here.

Make the banks 125% responsible for ALL ACCOUNT thefts ALL OF THEM. 175% responsible if it's a cyber hack.   Make them pay damages to those affected.

Wanna see security holes patched in no time??

Do this and they will be.

Don't? Make consumers  responsible for stuff they have 0 control over? Gonna stay exactly like it is today.

by: Volvo351

Identity thief had knowledge of the two pieces of info needed to get the password reset done. How did this "security expert" allow that to happen?

by: Rexford

John Donahoe is at PayPal now. So to answer the question, no, PayPal is not safe.

by: Shop and Ship

Well, as a suggested answer to "how could this happen?" it appears that the Georgia Secretary of State's office released private data on 6 MILLION registered voters including their Birth Dates, Social Security Numbers, Driver's License Numbers, and Street Addresses. SIX MILLION. The U.S. Census Bureau counts 10 Million residents in Georgia - and 25% are under 18 years of age.

According to later news reports, Georgia does not believe this is a problem because "all of the data" was recovered about 6 to 8 weeks later. ha ha ha  

by: The End

That's why we DON'T USE PAYPAL !
For cryin' out loud.
And : NEVER EVER store your credit card information on Ebay.

by: Mark4

Well good old JOhnny HO is not at paypal so expect paypal to have the same problems that ebay has been experiencing the last few years. Paypal is not safe.....

by: White Rabbit

a tad off topic but related.

I think a few already mentioned this here. Be very sure to have a special extra bank account for online deposits. this puts a firewall up. transfer the funds to a regular account often and doing this keeps a minimal balance in your special online deposit account. any monthly fees for the extra account is well worth the added peace of mind.

by: Volvo351

@sasikat9

You may "dump" PayPig balance INTO your bank account, but hacker can access said bank account via your PayPig account. What is needed is a ONE WAY "Check Valve" feature to prevent this.

by: White Rabbit

I am hoping by removal of said funds in checking account to an addition checking account (that you give NO ONE the info on) will relieve a lot of concern. including devastating chargebacks from PP , Venues and like institutions. :-) It puts the power and timing in your hands if you decide to settle up or not. I doubt hackers are a concern as much as venue actions and Hackers are stopped to the extent of your balance in this manner. PP and Banks cover problems with hackers but their timing could take a bad situation and make it worse. Just saying for $5 a month or nothing you can have an account that these guys ''know'' (they have the account info pp Ebay, other venues) between you and an account they have zero access to as they do not have the account number.

this has been mentioned here by many.. not my idea but a very good one that I did set up after reading it on this site. just be sure you NEVER give out the account info of the final account to Ebay, venues or PP. as you authorize them to use it in the TOS you sign legally as you set up the account or in Ebay's case the updated agreement you signed.

by: justchangecarriers

I thought they told us it was guarded by ninjas?