All this talk
of becoming a cashless society.
Not whilst shenanigans like this are the norm.
And FTR, Identity theft insurance is pointless / worthless.
PayPal has “identified a potential compromise of personally identifiable information for approximately 1.6 million customers.” The good news ist that PayPal is not to blame for the likely leak. Fault can instead be ascribed to TIO Networks, a Canadian payments outfit that PayPal paid US$233m to acquire in February 2017. That …
Read the article.
It's not PayPal that's lost the money It's a company they've bought out, reviewed their systems as part of the takeover process and identified they'd had a data leak at some point.
So if it weren't for PayPal, those customers might never have known they'd had their details exposed / stolen.