Investigate if you're impacted by the issue at hand
In a recent development, a criminal has claimed to have obtained around 16 million PayPal login credentials, including plaintext passwords. However, Dirk Knop from the "Heise" service finds it unlikely that the data was actually obtained from PayPal.
Despite the uncertainty, it is important for PayPal users to remain vigilant. If suspicious activities are discovered in one's account, one should contact PayPal immediately. Additionally, consumers who suspect that their login credentials may have been compromised are advised to enter their PayPal account email address at Have I Been Pwned (https://haveibeenpwned.com/).
The Bundesamt für Sicherheit in der Informationstechnik (BSI) recommends using secure password managers for storing passwords. A reputable password manager is always better than memorizing multiple passwords or relying on unsafe habits. While the BSI does not make specific product recommendations, they highlight the security benefits of using password managers in general and the implementation of passkeys for enhanced security.
Passkeys, which enable passwordless login via a cryptographic key pair, are not weak because they are generated automatically. They cannot be easily stolen, guessed, or forgotten. Storing passkeys in a compatible password manager offers a universal and independent solution.
If a search yields one or more hits, affected individuals should change their password on the respective service. Saving account statements and taking screenshots are useful when reporting suspicious activities. Checking transactions on PayPal by logging in directly on the website can also be useful.
The BSI also suggests using a password notebook, a method explained on their website. It is worth proactively performing this check regularly and changing possibly compromised passwords. If necessary, a report should be filed with the local police or the web police of one's respective federal state.
The future of login security may belong to passkeys. They offer a more secure and convenient alternative to traditional passwords. With passkeys, users can log in to their accounts without the need to remember complex passwords.
In conclusion, while the authenticity of the claimed PayPal data breach remains uncertain, it serves as a reminder for users to prioritise their online security. By using secure password managers, regularly checking for compromised passwords, and being vigilant about suspicious activities, users can help protect their accounts and personal information.
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