It seems that scammers never cease trying to con people. Keeping customers' information private and secure is of the utmost importance to companies, so they use many ways to protect against a breach in their network. 

Despite these digital blockades, hackers have tried to figure out ways to get around them. As the world learns more about the use of technology, the methods criminals employ to commit theft are also improving. 

Until a few years ago, banks and credit card companies were plagued by much more serious issues related to ID theft than they are today. 

There is the potential for a data breach to occur at any time. Banks and credit card companies must comply with higher standards of data security than companies in the private sector.  

Only a company can take all the necessary steps to safeguard the data of its customers and employees. Login and password restrictions are one of the most annoying things customers face when using their services. The most effective way to ensure the safety of your personal information is not to use your login username as your e-mail address if you are concerned about the security of your personal information. 

As a result, they are even more vulnerable to possible hacking attempts. To keep your password secure, you should never reuse it. The company provides you with a login portal. In this portal, you are told that you cannot use the same password you used in the past. This is intended to protect you and not to annoy you. However, when it says you cannot use a password, it can be quite frustrating. 

This message will appear if you use the same password for the company's portal more than once. This puts you at risk for hackers as you place yourself at risk by reusing passwords. Despite the inconvenience of having a unique login and password, it is better to do so than to face the consequences of identity theft or other financial scams. 

There is no need for you to panic, even though you may feel that the headlines are leading you to believe PayPal has been hacked. The company's network has not been compromised. To pull off the scam, credentials were stuffed, which is the kind of fraud perpetrated. Hackers use many combinations of logins to find the true ones, and with password-guessing techniques, they discover the original logins. In other words, it is a kind of onslaught attack against the network, but it does not break the system that protects the company's information and assets. A scammer finds the usernames for other companies that may or may not be as secure as the company in which they are located. This is done for the sake of cross-checking the usernames. 

A company that cleans houses and allows customers to have some login username and password will not have the same kind of data protection as PayPal (PYPL), which was designed to have robust protection for its users and data. There is a much higher chance of hackers being able to break into a less secure company data network. This is because the same login username is used by PayPal and the cleaning companies' customer portals. 

In this way, the hacker will be able to get access to passwords. Hackers use the data they collect to break into broader, safer networks, having access to this kind of data provides them with more opportunities to break into other websites and hack their data. 

It is only one hurdle scammers need to overcome if they wish to gain access to a unique username and password for the site. Having two-factor authentication does not necessarily mean that crooks cannot get through, but at least they will be slowed down. There were about 35,000 PayPal accounts that were hacked by these scammers in December by acquiring authentic usernames for these accounts. 

PayPal Can Assist in Repairing Breached Accounts  

As a result of this latest credential-stuffing attack, PayPal has contacted 34,942 customers whose accounts have been compromised. As part of this presentation, they learned how to better protect themselves and their accounts against cyberattacks in the present as well as in the future. Sometime between the 6th of December and the 8th of December last month, PayPal's customer accounts were compromised by an attacker. There was no notice of the breach until mid-December. 

It is also imperative for customers to use unique usernames and passwords for all of their online accounts to help protect themselves and their accounts. While having original passwords and usernames is a time-consuming and sometimes inconvenient process, it is also one of the easiest and most cost-effective ways to protect individuals' digital identity and their personal information in the digital world. As reported by CNET, Equifax by PayPal company has also offered two years of free identity theft monitoring to affected accounts.