Security Corner

Jan 22 2015   1:48AM GMT

PayPal proactive security measures

Ken Harthun Ken Harthun Profile: Ken Harthun

Tags:
Credit Card Fraud
Data security standards
Fraud prevention
Paypal
Security

Received an email from PayPal. Nothing unusual there, I get them all the time because I’m quite active on eBay both as a buyer and seller. The subject line read, “Your New PayPal Debit MasterCard® Is On The Way.” I was a bit puzzled by this since my card is good until 2016. I opened the message and was greeted with this:

We are sending you a new PayPal Debit MasterCard that will replace your card ending in XXXX. This is a precaution we are taking to help protect your funds in light of an account review that indicates you made a purchase at a retailer that has recently announced a data compromise.  Please note that we are not affiliated with this retailer and do not have specific evidence that your account has been compromised. This is an extra layer of security to help you avoid any potential risks.

. . .

Our experienced Fraud Detection team will continue to monitor your account to help identify any unusual activity. However, it is important that you monitor your account closely, and report any unauthorized transactions immediately.

Well, I don’t know who that retailer might have been, but it is good to see PayPal taking such proactive measures.

Do the other card companies take the same kind of care for their cardholders?

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