PayPal paid $238 million for the Canadian-based TIO Networks in July.
Today, the subsidiary admitted that hackers potentially stole personal information, and possibly financial data, for as many as 1.6 million of its customers.
- Change your financial institutions' passwords frequently and make them harder to guess.
- Check your credit report frequently.
- Sign up a free service such as Credit Karma, which can alert you if someone opens an account in your name.
- Monitor your credit card and debit card activities closely. Criminals nowadays don't necessarily charge big ticket items on the credit cards. They will charge a few small amounts on your cards, which are very easy to go unnoticed.
- Do not click on the buttons or links in your emails. If it's from your bank and asks you to do something, open a browser and type in the web address manually. You would never know if that particular email is a phishing email or not. It's hard to detect.
- Do not call them back, for example, after they tell you the IRS is going after you and they can save you from hell. Normally, the IRS will send you a letter first.