paypal hack password txtou have a PayPal account — and chances are good that you do — here’s some unsettling news. An Egyptian security researcher discovered a way to hack PayPal accounts with just one click.
As he demonstrates in a YouTube proof-of-concept video, Yasser Ali was able to trick PayPal’s servers into thinking that he’d successfully logged in as any user. Ali evaded PayPal’s security checks by way of a CSRF — a cross-site request forgery. By monitoring data sent back to PayPal via a POST request, he was able to capture a token that was valid for all its users.
He also figured out that the security questions on a PayPal account didn’t require password authentication. Once he had the token in his possession, he was then able to gain full control over an account by modifying answers using a small Python script running on his own computer.
There’s no need to panic now, so you don’t have to go scampering off to shut your account down. Ali has already shared his discovery with the crew at PayPal, and they’ve implemented a fix. In addition to a hearty thank you, Ali was also presented with a $10,000 bounty as part of PayPal’s vulnerability reporting program.
If you’ve ever cursed PayPal for freezing your account due to suspicious activity, this is a perfect example of why they’re so cautious. Ali’s demonstration may only be a proof of concept, but if he figured out this nifty little trick someone else may have, too — and who knows how many PayPal accounts could have been compromised if the bug had gone unreported.
Update: a Paypal spokesperson has provided us with this statement. “One of our security researchers recently made us aware of a potential way to bypass PayPal’s Cross-Site Request Forgery (CSRF) Protection Authorization System when logging onto PayPal.com. Through the PayPal Bug Bounty program, the researcher reported this to us first and our team worked quickly to fix this potential vulnerability before any of our customers were affected by this issue. We proactively work with security researchers to learn about and stay ahead of potential threats because the security of our customers’ accounts is our top concern.”Local restrictions
Countries not supported by PayPal include Ghana, Turkey, Pakistan, Iraq, Afghanistan, in addition to the countries on the US economic sanction list.
In late March 2010, new Japanese banking regulations forced PayPal Japan to suspend the ability of personal account holders registered in Japan from sending or receiving money between individuals and as a result are now subject to PayPal’s business fees on all transactions.
As of March 2011, PayPal made changes to the User Agreement for Indian users to comply with Reserve Bank of India regulations. The per transaction limit had been set to USD $3,000, since October 14, 2011. However, on July 29, 2013 PayPal has increased the per transaction limit to USD $10,000. This brings the per transaction limit for India in line with the restrictions imposed by PayPal on most other countries.
PayPal has disabled sending and receiving personal payments in India, thus forcing all recipients to pay a transaction fee.
PayPal plans to make India an incubation center for the company’s employee engagement policies. In 2012, PayPal hired 120 people for its offices in Chennai and Bangalore.
In January 2015, PayPal ceased operations in the Crimea in compliance with international sanctions against Russia and Crimea.
Eight years after the company first started operating in the country, Paypal ceased operations in Turkey on 6 June 2016 when Turkish financial regulator BDDK denied it a payments license. The regulators had demanded that Paypal’s data centers be located inside Turkey to facilitate compliance with government and court orders to block content, and to generate tax revenue. PayPal said that the closure will affect tens of thousands of businesses and hundreds of thousands of consumers in TurkeyIndian Paypal user could store and use money in their PayPal account to send payment or buy any goods online. But in 2010, RBI imposed new set of rules on PayPal, and now you can only withdraw money from your PayPal account to Bank account. ( You can’t use PayPal money directly for online purchases or Payment). This is indeed a problem as you will end up paying conversion fees twice, but at this moment there is no solution to this. If you have any relative outside India, you can ask them to create a PayPal account for you, which you can use without any such limit or restriction.
An Indian PayPal user can’t send or receive money from other Indian PayPal user.
Benefits of using a PayPal account:
You will be able to make online payment without exposing your credit card details.
You can use Debit card to make payment. This helps many who don’t have a credit card.