PayPal owned payments company TIO admits hack

Another day, another notable breach: This time it's a PayPal firm

Mosier said personal information that may have been compromised includes, name, address, Duke Energy account number, account balance and banking information, if the customer paid by check.

PayPal said, as a result, it is taking steps to protect affected customers while TIO coordinates with the companies it services to notify potentially affected individuals.

TIO Networks, a bill-payment platform PayPal acquired over the summer, announced a security vulnerability may have affected the personal information of some 1.6 million customers, according to multiple media reports.

Those payments were processed by TIO Networks, which was hacked in an attack disclosed after the company was purchased in July by PayPal Holdings Inc.

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On November 10, PayPal suspended TIO's operations after it discovered security vulnerabilities in the firm's platform. The hope was it could eventually introduce TIO's cash-based users to more of PayPal's digital services, helping the company bring in more active users to its base of almost 200 million customers.

In a statement, the VP of Revenue Services for Duke Energy, Lesley Quick, said "This TIO Networks issue has possibly and unfortunately affected some of our customers, and we are doing all we can to help".

TIO's platform, thankfully, has not been integrated into PayPal's business, which means users of the latter have not been impacted by the latest disclosure.

As you may know, these data breach issues are nothing new. Meanwhile, PayPal is working with consumer credit reporting agency Experian to offer customers free credit monitoring memberships as well. "We will continue to communicate important updates to customers".

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