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paypal hack software mac“On Christmas Eve morning, I received an email from PayPal stating that an email address had been added to my account,” Krebs explained in a detailed post on the matter. “I immediately logged into my account from a pristine computer, changed the password, switched my email address back to the primary contact address, and deleted the rogue email account.” “I then called PayPal and asked how the perpetrator had gotten in, and was there anything else they could do to prevent this from happening again?” Krebs continued. “The customer service person at PayPal said the attacker had simply logged in with my username and password, and that I had done everything I could in response to the attack. The representative assured me they would monitor the account for suspicious activity, and that I should rest easy.” “Twenty minutes later I was outside exercising in the unseasonably warm weather when I stopped briefly to check email again: Sure enough, the very same rogue email address had been added back to my account. But by the time I got back home to a computer, my email address had been removed, and my password had been changed. So much for PayPal’s supposed ‘monitoring;’ the company couldn’t even spot the same fraudulent email address when it was added a second time,” he added. PayPal then locked the account as soon as hackers tried to wire money to an email account belonging to Junaid Hussain, a 17-year-old hacker from Team Poison who joined ISIS and who is believed to have been killed in a U.S. drone strike in 2015.Phase 3[edit] After fine-tuning PayPal's business model and increasing its domestic and international penetration on eBay, PayPal started its off-eBay strategy. This was based on developing stronger growth in active users by adding users across multiple platforms, despite the slowdown in on-eBay growth and low-single-digit user growth on the eBay site. A late 2003 reorganization created a new business unit within PayPal—Merchant Services—to provide payment solutions to small and large e-commerce merchants outside the eBay auction community. Starting in the second half of 2004, PayPal Merchant Services unveiled several initiatives to enroll online merchants outside the eBay auction community, including:[72] Lowering its transaction fee for high-volume merchants from 2.2% to 1.9% (while increasing the monthly transaction volume required to qualify for the lowest fee to $100,000) Encouraging its users to recruit non-eBay merchants by increasing its referral bonus to a maximum of $1,000 (versus the previous $100 cap) Persuading credit card gateway providers, including CyberSource and Retail Decisions USA, to include PayPal among their offerings to online merchants. Hiring a new sales force to acquire large merchants such as Dell, Apple's iTunes and Yahoo! Stores, which hosted thousands of online merchants Reducing fees for online music purchases and other "micropayments" Launching PayPal Mobile, which allowed users to make payments using text messaging on their cell phonesA third-party transaction is a business deal involving a buyer, a seller and a third party. The third party's involvement varies with the type of business transaction. For example, an online payment portal, such as PayPal, acts as a third party in a retail transaction. A seller offers a good or service, and a buyer uses a credit card entered through the PayPal payment service. The payment is run through a third party, and is therefore a third-party transaction. BREAKING DOWN 'Third-Party Transaction' Third-party transactions are important for various accounting policies and occur in a variety of situations. Importantly, the third party is not affiliated with the other two participants in the transaction. For example , if Firm A sells inventory to its subsidiary, Firm B, a third-party transaction occurs when Firm B sells those final goods to Firm C.