NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of PayPal Holdings, Inc. (NASDAQ:PYPL) concerning possible violations of federal securities laws.
On July 18, 2017, PayPal announced it had completed its acquisition of TIO Networks (“TIO”), a multi-channel bill processor. On November 10, 2017, PayPal suspended its TIO services, pending a security review, stating that it had discovered security vulnerabilities on the TIO platform and that the TIO data security program did not meet PayPal’s standards. Then on December 1, 2017, PayPal disclosed that personal information—including names, addresses, bank-account details, and Social Security Numbers—for roughly 1.6 million TIO users had potentially been compromised. To obtain additional information, go to:
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