• PayPal Fined $2M For 2022 Data Breach—But Is That Enough?

  • Jan 28 2025
  • Length: 13 mins
  • Podcast

PayPal Fined $2M For 2022 Data Breach—But Is That Enough?

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  • In this episode of the Other Side of the Firewall podcast, hosts Ryan Williams Sr., Shannon Tynes, and Daniel Acevedo discuss the recent $2 million fine imposed on PayPal for cybersecurity failures following a significant data breach. The crew digs into the inadequacy of the fine, the necessity for stronger cybersecurity measures like multi-factor authentication, and the lack of regulatory standards in the industry. The hosts emphasize the importance of having well-trained personnel in cybersecurity roles and the need for federal regulations to protect personal information. They also explore the implications of financial motivations on cybersecurity practices and the evolving landscape of regulations at both state and federal levels. Article: PayPal fined by New York for cybersecurity failures https://www.reuters.com/technology/paypal-fined-by-new-york-cybersecurity-failures-2025-01-23/?fbclid=IwZXh0bgNhZW0CMTAAAR2eXMLmhWI0x5O9yOVApF6Y1svOOzyi5ZuzX0C5Nu5qay7Pj7djkbn0EYU_aem_YqVepJ24060qP9NOTb9Rgw Please LISTEN 🎧 LIKE 👍🏿 and SHARE ❤️ Thanks! Socials: Website - www.ramcyber.io Heroes Media Group: https://www.heroesmediagroup.com/shows/the-other-side-of-the-firewall/ Audio - https://podcasts.apple.com/us/podcast/the-other-side-of-the-firewall/id1542479181 YouTube - https://www.youtube.com/@theothersideofthefirewall7511 ReppedFLIX - https://lnkd.in/eVis2CbS WDJY 99.1 FM: https://www.wdjyfm.com/ TuneIn: https://lnkd.in/e2crcZU8 Facebook - https://www.facebook.com/profile.php?id=61556539026086 Instagram - https://www.instagram.com/theothersideofthefw X (Twitter) - https://twitter.com/Ask_a_CISSP TikTok - https://www.tiktok.com/@ryanwilliams683 Medium - https://medium.com/@ryanwilliamssenior Subscribe to LinkedIn Newsletter - https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7172626552545865728 LinkedIn - https://www.linkedin.com/company/the-other-side-of-the-firewall/ Ryan on Twitter, LinkedIn, Clubhouse, and Threads - @ryrysecurityguy Chris on LinkedIn - https://www.linkedin.com/in/chrisabacon/ Daniel on LinkedIn - https://www.linkedin.com/in/daniel-acevedo-3a8b641b/ Chapters 00:00 Introduction to Cybersecurity News and Highlights 00:46 PayPal's Cybersecurity Breach and Consequences 04:02 The Need for Stricter Cybersecurity Regulations 07:52 The Role of Corporate Leadership in Cybersecurity 10:32 State vs. Federal Cybersecurity Regulations 12:15 Conclusion and Future Outlook on Cybersecurity #cybersecurity #paypal #databreach
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