Dutch authorities arrested a 16-year-old boy on Wednesday in relation to the cyberattacks against Visa, MasterCard and PayPal, which were aimed at punishing those companies for cutting off services to WikiLeaks.
The retaliatory attacks by pro-WikiLeaks activists are growing in strength as hackers add botnets and thousands of people download an open-source attack tool, security researchers said today.
The main Web site of MasterCard was knocked offline today in a large distributed denial of service (DDoS) attack apparently launched in retaliation for the credit card company's decision this week to cut off services to WikiLeaks.
An anonymous, loosely affiliated group that has been responsible for a series of recent Distributed Denial of Service (DDOS) attacks against entertainment industry Web sites over copyright issues, has started attacking organizations viewed as being hostile to WikiLeaks, says a PandaLabs researcher.
With Black Friday quickly approaching, and retailers racing to outdo each other with earlier and earlier deals, it is safe to say that the holiday shopping season has begun. If you're shopping online, though, and paying with PayPal -- be warned. There is a phishing attack targeted just for you.
A network hardware failure knocked PayPal offline for all of its users globally on Friday, and the recovery and failover systems didn't spring into action as quickly as they were supposed to.
PayPal experienced an outage that at its peak affected most of its members for about an hour-and-a-half, but with aftershocks that lingered until midafternoon.
At the PayPal X Developer Conference keynote today, PayPal revealed a new partnership which could fundamentally change mobile commerce. PayPal -- arguably the most recognized name in online finance -- is teaming up with Appcelerator -- the second largest Apple App Store publisher -- to offer mobile developers a new e-commerce platform.
Online banking is about to get even more convenient for PayPal users who will soon be able to deposit checks via their iPhone. Simply sign the back of your check, take a picture of the front and back of the check, and hit send on the PayPal iPhone App. The only drawback? No lollypops at the teller window to grab when you're done.
PayPal has established itself as the de facto method of transacting money on the Internet. It also seems to be ruffling some feathers, though, with business and dispute resolution practices that seem to be focused on making sure PayPal gets to hang onto money as long as possible.
Hacked smartphones could endanger troops by sending location data to the enemy using mechanisms similar to those employed by recently discovered Android malware, experts say.
A company called XPRT Ventures has sued eBay for patent infringement, asking the court for US$3.8 billion in damages.
Credit card giant Visa has entered the micropayment processing space with payclick, a pre-paid hosted service aimed at teenagers purchasing online line content such as music and games.
Unsure that market forces alone can do the job, PayPal is betting Singapore's government can spur the development and adoption of mobile e-commerce applications in the Southeast Asian city-state.
An investigation by the consumer watchdog has led to popular online shopping website, ebay.com.au, backing down from forcing sellers to offer PayPal.