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PayPal agrees to $2 million cybersecurity settlement with New York

( January 23, 2025, 14:53 GMT | Official Statement) -- MLex Summary: PayPal has agreed to pay a $2 million penalty to New York for violations of a cybersecurity investigation, the Department of Financial Services announced. An investigation determined PayPal failed to use qualified personnel to manage key cybersecurity functions and failed to provide adequate training to address cybersecurity risks.Statement follows in full. See attached file. ...

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