You’ve probably heard about Spectre and Meltdown, and we’re not talking about James Bond. These are new exploits that have recently been discovered in just about every processor on every phone or computer currently in use.
All the major computer and phone manufacturers are aware of these exploits and have either patched their operating systems, or are in the process of issuing a patch.
As of November 10th PayPal has suspended the operations of bill payment processing company – TIO Networks – until further notice, due to a data breach that could include information such as names, addresses, Social Security numbers, and login credentials.
TIO Networks has nearly 14 million customers, up to 1.6 million of which were compromised. TIO has begun working with the utility companies to inform customers who have been affected. Currently there is no timeline for restoring services. PayPal is working with Experian, the credit reporting agency, to provide a year of free credit monitoring to the affected TIO users. However, the remaining PayPal users can rest easy for their information is still secure, according to a PayPal statement.