PayPal's TIO Networks says data breach affected 1.6M users

Source Getty Images

Source Getty Images

"While we apologise for any inconvenience this suspension may cause, the security of TIO's systems and the protection of TIO's customers are our highest priorities", PayPal had said at the time.

Mosier said personal information that may have been compromised includes, name, address, Duke Energy account number, account balance and banking information, if the customer paid by check.

PayPal's recently-acquired payment processor TIO Networks has revealed that up to 1.6 million customers have had their information stolen in a recent data breach. The Vancouver, Canada-based company's customer base is mostly in the US.

PayPal acquired TIO Networks in July for $238 million in its efforts to expand services to financially underserved cosnumers.

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A spokesman for Duke Energy said a more than 370,000 of the utility company's customers may have had their public information exposed in a data-breach involving a third-party payment processing company.

PayPal said, as a result, it is taking steps to protect affected customers while TIO coordinates with the companies it services to notify potentially affected individuals.

Back in November, PayPal started investigating its newly-acquired subsidiary TIO Networks' servers for security vulnerabilities and chose to suspend the latter's operations after TIO's servers were found wanting in terms of information security standards practiced by PayPal itself.

A review of TIO's network has identified a potential compromise of personally identifiable information for approximately 1.6 million customers. The company is also working with a consumer credit reporting agency to provide free credit monitoring memberships.

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