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paypal hack deep webasser told The Hacker News, “I found out that the CSRF Auth is Reusable for that specific user email address or username, this means If an attacker found any of these CSRF Tokens, He can then make actions in the behave of any logged in user.”
Hacking PayPal Account with Just a Click… CSRF Exploit
Once executed, the exploit will add attacker’s email id to victim’s account, which could be used to reset the account password using “Forgot Password” option from the Paypal website. But the attacker can not change the victim’s password without answering the security questions configured by user while signing up.
Yasser found that another bug in PayPal allows him to reset the security questions and their answers of his choice, hence this facilitates him to bypass the PayPal security feature completely in order to reset the new password for the victim’s account.
Paypal security team has patched the vulnerability following the Yasser’s report via Bug Bounty Program. Three Month ago, Yasser found similar bug in eBay website that allowed hackers to hijack any eBay account in just 1 minute.
PayPal spokesperson released the following statement:
“One of our security researchers recently made us aware of a potential way to bypass PayPal’s Cross-Site Request Forgery (CSRF) Protection Authorization System when logging onto PayPal.com. Through the PayPal Bug Bounty program, the researcher reported this to us first and our team worked quickly to fix this potential vulnerability before any of our customers were affected by this issue. We proactively work with security researchers to learn about and stay ahead of potential threats because the security of our customers’ accounts is our top concern.” Early history
PayPal was established in December 1998 as Confinity, a company that developed security software for handheld devices founded by Max Levchin, Peter Thiel, Luke Nosek and Ken Howery. PayPal was developed and launched as a money transfer service at Confinity in 1999, funded by John Malloy from BlueRun Ventures.
In March 2000, Confinity merged with X.com, an online banking company founded by Elon Musk. Musk was optimistic about the future success of the money transfer business Confinity was developing. Musk and then-president and CEO of X.com, Bill Harris, disagreed on this point and Harris left the company in May 2000. In October of that year, Musk made the decision that X.com would terminate its other Internet banking operations and focus on the PayPal money service. The X.com company was then renamed PayPal in 2001, and expanded rapidly throughout the year until company executives decided to take PayPal public in 2002. Paypal’s IPO listed under the ticker PYPL at $13 per share and ended up generating over $61 millionVirtual currency (currency used only on the internet) that can be used to buy goods in online games through the social networking platform, Facebook. Facebook credits can be purchased online using a credit card, PayPal account, mobile phone or other various payment methods, or offline at various retailers. The credits can be used to purchase games or software applications, also referred to as apps.
BREAKING DOWN ‘Facebook Credits’
Facebook credits can be used to buy intangible goods such as virtual gifts, parcels of virtual real estate, virtual weapons, tools and animals in platform-based video games. As of 2011, this virtual money is backed by real currency that’s available in 15 different countries.
Accounts held by an individual at a financial institution that are connected to each other, in order to enable the transfer of funds to and from each other. The most common linked transfer accounts are from savings accounts to checking accounts or credit card accounts. The purpose of using linked transfer accounts is to avoid interest charges or penalties on overdrafts, by using the funds parked in a savings account.
BREAKING DOWN ‘Linked Transfer Account’
For example, say you have a checking account with a balance of $1,500 for your monthly expenses, a credit card with a credit limit of $2,000, and a savings account that pays you annual interest of 2% and has a balance of $10,000. The interest rate for the overdraft facility on the checking account is 7%; exceeding the limit on your credit card would result in a $50 penalty plus interest at 20%.
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