Monica Eaton Invited to Share Insights on Topic of PayPal Security
Chargebacks911 COO Monica Eaton, a globally-recognized payments industry expert, recently spoke with the folks at Business Insider to offer insight on the current state of PayPal security standards.
Launched in 2007 by a team of Wall Street analysts and former corporate executives, Business Insider is now the largest business news site in the world. Business Insider reaches millions of readers each day, influencing key market decisions around the globe and helping people stay up-to-date with market developments.
PayPal is perhaps the most recognizable payment processor on the planet. Given the volume of payments they process each day, it’s reasonable to assume that PayPal would take data security seriously. But, as Monica warns, no service is completely foolproof.
Even though you're well-protected from the other party, you're not immune to hacking, theft, or fraud,” she says. “If you make careless errors, that can lead to your PayPal account being compromised. And PayPal itself isn't infallible: They've frozen accounts by accident."
As noted in the piece, most exposures are the result of users accidentally revealing their personal information. Consumers need to educate themselves about common threats and vulnerabilities in the payments and digital transaction space. Otherwise, they may find themselves on the receiving end of malicious criminal activity.
