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article imagePayPal president's credit card gets hacked

By Tim Sandle     Feb 11, 2014 in Technology
Despite running a global business that is designed to hold hackers at bay, PayPal president David Marcus has tweeted that someone used a skimming device to clone his credit card while he was in the U.K.
Hacking can happen to the best of us, even the presidents of global IT providers. According to E-Hacking News, David Marcus, PayPal president, has said that his credit card data was compromised. The cybercriminals made several fraudulent transactions using the obtained information.
Marcus' tweet, which announced the fraudulent activity, reads: "My card (with EMV chip) got skimmed while in the UK. Ton of fraudulent txns. Wouldn't have happened if merchant accepted PayPal..."
Not everyone within the IT community is sympathetic. John Fingas, writing for Engadget, notes: "It's virtually the embodiment of karmic payback, isn't it?", which the writer sees as a reference to "If you've ever lost access to your PayPal holdings through no fault of your own -- say, following a shady money transfer -- you may be tempted to enjoy a little schadenfreude today".
The incident highlights the continual battle between technology companies and the hacking community.
More about Paypal, Hacking, Credit cards, Cloned, Fraud
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