PayPal to pay $2M to settle New York state probe on cybersecurity violations

Woman holding iPhone 6 Space Gray with service PayPal

Prykhodov

PayPal Holdings (NASDAQ:PYPL) agreed to pay a $2M penalty to New York State for violations of the state’s Department of Financial Services cybersecurity regulation, DFS Superintendent Adrienne A. Harris said on Thursday.

An investigation found that the company failed to

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