paypal hack elitepvpersou have a PayPal account — and chances are good that you do — here’s some unsettling news. An Egyptian security researcher discovered a way to hack PayPal accounts with just one click.**As he demonstrates in a YouTube proof-of-concept video, Yasser Ali was able to trick PayPal’s servers into thinking that he’d successfully logged in as any user. Ali evaded PayPal’s security checks by way of a CSRF — a cross-site request forgery. By monitoring data sent back to PayPal via a POST request, he was able to capture a token that was valid for all its users.**He also figured out that the security questions on a PayPal account didn’t require password authentication. Once he had the token in his possession, he was then able to gain full control over an account by modifying answers using a small Python script running on his own computer.*There’s no need to panic now, so you don’t have to go scampering off to shut your account down. Ali has already shared his discovery with the crew at PayPal, and they’ve implemented a fix. In addition to a hearty thank you, Ali was also presented with a $10,000 bounty as part of PayPal’s vulnerability reporting program.**If you’ve ever cursed PayPal for freezing your account due to suspicious activity, this is a perfect example of why they’re so cautious. Ali’s demonstration may only be a proof of concept, but if he figured out this nifty little trick someone else may have, too — and who knows how many PayPal accounts could have been compromised if the bug had gone unreported.**Update: a Paypal spokesperson has provided us with this statement. “One of our security researchers recently made us aware of a potential way to bypass PayPal’s Cross-Site Request Forgery (CSRF) Protection Authorization System when logging onto PayPal.com. Through the PayPal Bug Bounty program, the researcher reported this to us first and our team worked quickly to fix this potential vulnerability before any of our customers were affected by this issue. We proactively work with security researchers to learn about and stay ahead of potential threats because the security of our customers’ accounts is our top concern.”Yes. Look for the PayPal Credit option on the Choose Payment Method page, or when you checkout with PayPal. PayPal Credit can be used for most purchases on eBay, except in the following categories: adult, digital goods, weapons, alcohol, and vehicles (PayPal Credit is available for auto parts and accessories).*You’ll have the option to make no payments for 6 months, on qualifying purchases. You will receive monthly statements and can make payments at any time. As long as you pay in full by the promotion expiration date, you will not be billed interest for that purchase. If you do not pay in full, interest will be calculated from the posting date (which is usually within a few days after the purchase date) and will be billed to your account.*You’ll receive monthly statements and can choose to pay in full or over time (interest charges may apply). For your convenience, once you link your PayPal Credit and PayPal accounts, you can keep track of your purchases and make payments on PayPal.com. Pay your balance due from either your PayPal balance or your bank account.**You can also mail your payments in to:*PayPal Credit *P.O. Box 105658*Atlanta, GA 30348-5658*You can continue to use PayPal Credit for purchases and, if those purchases cause your outstanding balance to exceed your credit line, we’ll evaluate you for a credit line increase. Your eligibility for a credit increase is determined by your credit history and customer history with PayPal Credit, and the Terms and Conditions. This will happen automatically during checkout, so you don’t even need to ask.When you start working online, you need a mode to send and receive payment. Usually you can use your credit card or debit card to make payment online but to receive Payment, you need to take help of services like PayPal, Google Wallet. PayPal has been one of the oldest and trusted service to send and receive Payment. Especially if you are from Asia or United States you will find PayPal service to be the best when it comes to receiving Payment from overseas.**Do remember, most of the advertising network (if you are a blogger) pays using PayPal, so it’s essential to have a Paypal account.*When you open up a PayPal account, you can start sending payment right away (After linking with your debit or credit card) but to receive Payment you need to link your PayPal account to your bank account. This will remove the withdrawal limit from your PayPal account, and you will be able to withdraw money from your PayPal account to your bank account.**Here are the few important things that you should know about being a PayPal restrictions for few asian country like India. For other countries, there is no such limitation & you can keep money in your PayPal account.
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