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PayPal’s TIO Networks Suffered Data Breach Exposing Data on 1.6 Million Customers

December 5, 2017

PayPal states TIO Networks, a payment processing company it acquired this summer, is not part of its network and PayPal remains unaffected by the breach.

PayPal’s TIO Networks suffered a data breach that may have compromised the personally identifiable information (PII) of up to 1.6 million of TIO’s customers, PayPal Holdings announced late last week.

TIO, a payment processing company PayPal acquired in July, had its operations suspended last month after PayPal’s ongoing investigation revealed TIO’s network had been breached.

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