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STEALTHbits re PayPal’s Discovery Of TIO Data Breach (Contrasting With Uber)

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The ISBuzz Post: This Post STEALTHbits re PayPal’s Discovery Of TIO Data Breach (Contrasting With Uber) appeared first on Information Security Buzz.

Following the news ofPayPal’s discovery of adata breach in its recently-acquired TIO, withthe data of1.6 million customers stolen, STEALTHbits commented below.

Jonathan Sander, CTO at STEALTHbits Technologies:

“Announcements like PayPal’s about their acquired entity TIO being breached are going to become common – and that’s a good thing. In a sense, we are entering an era where only brands that are well trusted will be able to talk about security openly, the way PayPal has here. We all want companies to be honest about security, but at the same time we are collectively likely to punish small firms that have breaches before gaining a foothold of trust in our minds. PayPal knows it will actually come out ahead in the reputation calculus for telling us about the problems at TIO. But would we have given that same credit to TIO...(continued)

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