Paypal has been fined 2 million dollars for exposing customer personally identifiable information (PII) including Social Security numbers and financial data. This fine comes 2 years after the data breach. This highlights the consequences that come from not properly securing critical customer data. Keeping critical financial data secure is of the utmost importance and non-compliance can result in heavy fines.

https://cybersecuritynews.com/paypal-hit-with-2-million-fine/