In honor of Cybersecurity Awareness Month in October, PayPal is taking proactive steps to raise awareness among its users about the importance of security measures when sharing sensitive information with third-party entities, especially unknown sources. The company is dedicated to promoting cybersecurity and has implemented state-of-the-art tools and technologies to make the Internet safer for everyone.
Since its establishment in 1999, PayPal has become a leading player in the digital wallet space and is now recognized worldwide as one of the most popular payment methods.
As the use of online financial platforms continues to grow, so do the risks of cyber scams. To combat this issue, PayPal’s Chief Information Security Officer, Assaf Keren, has emphasized the company’s commitment to ensuring the safety and security of their platform.
To enhance security, the e-wallet introduced a new security method during this Cybersecurity Awareness Month to further protect its users’ transactions and prevent scams and virtual theft. According to Keren, PayPal has a team of thousands of professionals working in different areas to provide greater security to users. This includes tools to detect potential financial fraud, risk models, various information security controls, and AI.
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All of these measures are in place to provide a safer experience for those who use PayPal’s virtual wallet and to put an end to virtual fraudsters. Utilizing innovative technology and a dedicated team of experts, the mobile financial app aims to provide a secure platform for all transactions and raise awareness about the importance of cybersecurity.
At PayPal, the safety of its users and data is taken very seriously. To ensure high protection, the virtual wallet has established a diverse range of PayPal’s teams solely dedicated to safeguarding the platform. These teams include PayPal’s Fraud Defense Cyber Center, the Cyber Defense Center, and several specialized compliance, product, engineering, cybersecurity, and data science teams.
They work tirelessly to combat phishing, fraud, and theft, protect sensitive information, and develop innovative solutions prioritizing user security. By demonstrating a solid commitment to safety, PayPal continues to invest in cutting-edge technologies and industry-leading practices to stay ahead of evolving threats and protect the trust of its users.
Harness the power of PayPal Passkeys
In celebration of Cybersecurity Awareness Month, PayPal supports its customers, business partners, and employees worldwide, encouraging them to take preventative measures to strengthen their digital security.
Recognizing the critical importance of safeguarding one’s digital presence, the peer-to-peer payment app offers a series of comprehensive measures to strengthen security, with particular emphasis on the indispensable PayPal Passkeys, a state-of-the-art security feature designed to assist users in the digital world.
How to increase PayPal security
If you want to increase the security of your PayPal account and be sure that your transactions will be successful and without problems of virtual scams, you only have to perform a series of simple steps, and your account will be extra safe.
- Download the PayPal app: Taking your security to the next level is as simple as downloading the official PayPal app from your preferred app store, either Play Store or App Store. By doing so, you’ll gain real-time control over your PayPal account and access to intelligent security features that will provide you with a seamless and worry-free shopping experience.
- Early fraud alerts: Increase your peace of mind by signing up for PayPal’s free early fraud alerts. All you have to do is add eligible cards to your PayPal wallet, and our monitoring team will closely monitor your financial activities. You’ll quickly receive real-time alerts when potential card fraud attempts are detected. These notifications serve a dual purpose: they offer valuable information about blocked activities and provide step-by-step guidance on regaining control of your card.
- Protect your account with a passkey: PayPal’s cutting-edge technology is meticulously designed to thwart phishing and hacking attempts, ensuring maximum protection for your account.
- Effortless Package Tracking: Stay on top of your online orders with PayPal’s convenient package tracking. This easy-to-use tool allows automatic tracking of your shipments, ensuring you receive real-time updates on the status of your packages.
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Users safeguard their interests and actively contribute to the global progress of cybersecurity. By following these meticulously outlined steps and adopting the added security offered by PayPal Passkeys, you can have peace of mind when you “Pay it Safe,” something that you can do also with “Buy now, pay later.”
REMEMBER: Your commitment to digital security is paramount to PayPal.