- PayPal bug in mortgage app exposed delicate buyer data for 5 months
- Some accounts noticed unauthorized transactions; victims reimbursed and passwords reset
- PayPal presents two years of free credit score monitoring by way of Equifa
An error in coding of a PayPal app left some prospects’ data exposed and even resulted in a couple of fraudulent transactions, the ecommerce firm has confirmed.
PayPal not too long ago notified a subset of its prospects that it recognized a bug in its PayPal Working Capital (PPWC) mortgage utility, which works as a enterprise financing product, giving eligible companies a money advance, based mostly on their PayPal gross sales historical past.
Found on December 12, 2025, the bug was leaking delicate data for greater than 5 months, between July 1, 2025, and December 13, 2025, together with user names, e mail addresses, cellphone numbers, enterprise addresses, Social Safety numbers (SSN), and dates of delivery.
Unauthorized transactions
It is a potent mixture of data that may simply be leveraged in a phishing e mail, tricking customers into making a gift of their login credentials and thus entry to funds, as properly.
To make issues worse, evidently the bug itself additionally granted malicious actors entry to different folks’s funds. Within the warning e mail, PayPal stated that “a couple of prospects skilled unauthorized transactions on their account.”
We don’t know what number of “a couple of” really are, however PayPal burdened that the unauthorized entry was revoked, and victims reimbursed. It additionally stated that every one victims had their passwords reset, and that the change in code accountable for the intrusion was rolled again.
“We have not delayed this notification because of any legislation enforcement investigation,” PayPal added.
The corporate additionally understands the efficiency of personally identifiable data (PII), which is why it’s providing two years of complimentary credit score monitoring and identification restoration providers by means of Equifax. That is, kind of, commonplace apply in incidents akin to this one.
Lastly, the corporate urged all prospects to stay vigilant of incoming emails, and to be additional cautious when clicking on hyperlinks or downloading attachments.
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