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Hackers Steal PayPal Chief’s Credit Card Data And Go Shopping

Sometimes stories just write themselves, and this is one of those cases. PayPal president David Marcus has become the victim of credit card fraud after having his card “skimmed” while visting the UK.

Despite this experience David has naturally used the information as a PR opportunity to promote PayPal!

David Marcus tweeted this after his card was skimmed:

Several people pointed out this was misleading, as the secure chip in the card cannot be skimmed, prompting David to post a further tweet conceding that it was only the mag stripe portion that was copied, and the card was then used to make international non chip’n’pin transactions.

PayPal, known for its occasional questionable policies of locking accounts and freezing funds on a whim had some wonderful comebacks, I’ve embedded a favourite one below…

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