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Two Anonymous members jailed over PayPal hack in London
Two computer hackers were jailed by a London court on Thursday for a series of cyber-attacks by the hacking group Anonymous that cost the US online payments giant PayPal millions of dollars. Christopher Weatherhead, a 22-year-old student, was sentenced to 18 months in jail after being found guilty last month…
Student convicted of Anonymous cyber-attacks on PayPal
By Sandra Laville, The Guardian Christopher Weatherhead took part in hacking group’s ‘denial of service’ attacks, one of which cost PayPal £3.5m A key member of the Anonymous hacking group has been convicted for his part in a series of cyber-attacks on Paypal and other major companies. Christopher Weatherhead, 22, who…
PayPal lets shops take payments on smartphones
Online financial transactions titan PayPal has started to allow merchants across the world to take payments using smartphones in a direct challenge to startup Square. The PayPal Here system uses a triangle-shaped “dongle” card reader that plugs into mobile devices to let people make purchases. PayPal Here software also lets…
Canadian election watchdog probing Paypal for robocalls
Canada’s elections watchdog focused Tuesday on online payments company PayPal’s records as part of a probe of “robocalls” that misdirected voters to fake polling stations during last year’s election. “PayPal has been served a production order in regards to the Elections Canada investigation,” the company said in a statement. Production…
Yahoo names ex-PayPal boss Thompson new CEO
NEW YORK — Yahoo on Wednesday named PayPal’s Scott Thompson its new chief executive, saying he would recharge growth at the Internet giant that has been losing the battle over online ads. Thompson said he aimed to boost Yahoo reader traffic to attract more advertisers, arguing that the company’s assets…
Yahoo to name new CEO
(Reuters) - Yahoo is poised to name PayPal President Scott Thompson as chief executive after firing former CEO Carol Bartz in September, website AllThingsD reported, citing sources close to the situation. Former Web powerhouse Yahoo is undergoing a strategic review as it struggles to compete with newer heavyweights Google and Facebook. It has been run by interim CEO and former chief financial…
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