TweakTown
Tech content trusted by users in North America and around the world
5,675 Reviews & Articles | 36,071 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

PayPal president sees his credit card hacked, used in shopping spree

PayPal President, David Marcus, says his credit card was stolen and used in a fraudulent shopping spree

| Hacking & Security News | Posted: Feb 11, 2014 4:51 pm

You would expect the president of one of the largest financial institutions in the US to have a very robust personal security plan in effect to ensure that his identity or financial information was not stolen, but it appears that is not the case with PayPal's President, David Marcus. This morning Marcus revealed that one of his credit card numbers was stolen during a recent trip to Europe and then used on a large spending spree.

 

TweakTown image news/3/5/35386_1_paypal_president_sees_his_credit_card_hacked_used_in_shopping_spree.jpg

 

Marcus says that he thinks that his card was skimmed at the hotel he was staying at or at one of the several merchants he swiped the card in question at. Marcus said that despite the card having an EMV chip that is supposes to make it more secure against this sort of attack, the EMV technology did nothing to prevent his card's number from being stolen and used on a fraudulent spending spree. Marcus did take the opportunity to inject a little promotion for PayPal, saying that if the merchant had accepted PayPal then none of this would have happen as PayPal's payment solutions do not share any credit card numbers with the merchant excepting payment.

NEWS SOURCE
Usatoday.com

Related Tags

Further Reading: Read and find more Hacking & Security news at our Hacking & Security news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below