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Phishing: PayPal Wants To Wreck the Biz Model: Tactics by PayPal have greatly reduced the amount of phishmail targeted at eBay and PayPal users. The company has issued a paper outlining its success.
- Article from:
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Bank Technology News
- Article date:
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June 1, 2008
- Author:
- Sausner, Rebecca
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Copyright informationCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The saying goes, If somethings not working, try something else. And clearly, when it comes to the financial services and retail industries response to phishing, somethings not working. Unique phishing attacks reported to the Anti-Phishing Working Group hover around 25,000 per month, with spikes as high as 38,000 in the last year. Somewhere around 150 brands are targeted each month. And Gartner estimates that 3.3 percent of the 124 million consumers who received a phishing email last year lost money because of the attack. Why arent industry effortsfrom consumer education, to diligent takedown, to spam filteringputting a dent in the problem? Because we havent addressed it at the ...
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Phishing: PayPal Tosses Line To Snarl the Biz Model: Tactics by PayPal...
US Banker;
July 1, 2008 ;
Sausner, Rebecca;
787 words
......by preventing phishing emails from being delivered...customers spam folder. PayPal initially partnered...impressive results, PayPal CISO Michael Barrett...than 50 million phishing emails, and then saw...attempted spoofs of PayPals Yahoo users. PayPal...other markets. ...
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Paypal announces nearly 35 million accounts in Europe.
M2 Presswire;
March 21, 2007 ;
552 words
...M2 PRESSWIRE-21 March 2007-PayPal: Paypal announces nearly 35 million accounts in Europe(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:21032007 PayPal announced today that it has nearly 35 million accounts in Europe...
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PayPal Shares Up 55 Percent in IPO
AP Online;
February 15, 2002 ;
MICHAEL LIEDTKE, AP Business Writer;
575 words
...00-00-0000 Dateline: SAN FRANCISCO Shares of PayPal Inc. soared 55 percent in the online payment...in an initial public offering Thursday, PayPal's stock closed at $20.09 Friday on the...biggest individual winners Friday were PayPal's co-founders, Elon Musk, 30, and Peter...
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For Better or Worse, It's PayPal and eBay.
Bank Technology News;
August 1, 2002 ;
514 words
......talking about the possibility of eBay buying PayPal, many in the industry didn't think it...after a year's worth of rumors and with PayPal's stock performing as one of the year...But the deal finally came last month. PayPal executives are probably somewhere listening...
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Phishing emails and Christmas Spam rates skyrocket.
M2 Presswire;
December 1, 2006 ;
434 words
......PRESSWIRE-1 December 2006-Marshal: Phishing emails and Christmas Spam rates skyrocket...announced a threefold increase in phishing emails in the last week. The significant increase in phishing emails is primarily due to a massive...
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PayPal Looks To Evolve Beyond Its Auction Roots
The Washington Post;
May 19, 2005 ;
Leslie Walker;
787 words
...Digital money pioneer PayPal is on the prowl. Since eBay Inc. bought...payment upstart for $1.5 billion in 2002, PayPal has grown at a heady clip, reeling in...recently surpassed Discover, too. Yet PayPal's identity remains virtually inseparable...
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PayPal Names Chief Operating Officer.
PR Newswire;
March 19, 2002 ;
616 words
...PALO ALTO, Calif. -- PayPal, Inc. (www.PayPal.com) today announced it has promoted David Sacks to Chief Operating...international, customer service, fraud operations, and HR functions at PayPal. The key to success for any company is first to build the right...
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Mountain View, Calif.-Based PayPal Has High Hopes for eBay Boost.
Omaha World-Herald (Omaha, Nebraska) (via Knight-Ridder/Tribune Business News);
September 8, 2002 ;
787 words
...Byline: Virgil Larson Sep. 8--PayPal Inc. is betting big on its coming takeover by eBay Inc. PayPal, which makes money by moving money between...rocketing revenue higher. That will help pay for PayPal's new $16.4 million operations center, for...
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PayPal agrees to settle lawsuits: FIRM TO GIVE USERS BETTER INFORMATION.
San Jose Mercury News (San Jose, CA);
September 29, 2006 ;
585 words
...Byline: Elise Ackerman Sep. 29--EBay's PayPal unit announced Thursday that it agreed...after years of complaints lodged against PayPal for issues ranging from frozen accounts...complied with many of its terms, said PayPal spokeswoman Amanda Pires. Tom Dresslar...
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A battle at the checkout; Online payments.(PayPal vs Google Checkout)
The Economist (US);
May 5, 2007 ;
787 words
...PayPal dominates electronic payments, but Google's growing checkout...prove a vigorous challenger IN HIS celebrated book, The PayPal Wars , Eric Jackson described how in its early years the...so while fending off new competitors--especially Google. PayPal was founded in 1998 as a way of moving money between ...
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PayPal Delays Much-Anticipated IPO
AP Online;
February 7, 2002 ;
MICHAEL LIEDTKE, AP Business Writer;
615 words
......SAN FRANCISCO Online payment provider PayPal Inc. on Wednesday delayed an initial public...expected to occur Thursday evening, enabling PayPal to make its Nasdaq debut Friday. A handful...has been as popular with consumers as PayPal. The company acts as a financial middleman...
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Huge surge in online phishing emails as fraudsters seek financial gain;...
M2 Presswire;
April 19, 2004 ;
728 words
......2004-MessageLabs: Huge surge in online phishing emails as fraudsters seek financial gain; Number of phishing emails jumps from the hundreds...increase in the number of phishing emails in circulation over the...September 2003 the number of phishing emails encountered by ...
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PayPal Acquisition Could Give EBay Some New Headaches.
San Jose Mercury News (San Jose, California) (via Knight-Ridder/Tribune Business News);
July 9, 2002 ;
787 words
......Chris O'Brien Jul. 9--While acquiring PayPal may solve some problems for eBay, the...person-to-person online payments that PayPal pioneered represent a new financial industry...federal regulatory agencies. In addition, PayPal has had rocky relationships with credit...
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