Money Stolen from DBS Bank Account Via PayPal
Source Based on her article, Chanise seems to be holding on to a Debit Card from DBS and she has an iBanking account so there should be Two Factor Authentication (2FA) for any transaction made. But the problem is that for transaction made through PayPal, there isn't any 2FA. Anybody can add a new debit/credit card in PayPal and start using it for payment. You may argue that there is a sending limit if the PayPal account is unverified, that's true, but confirming your debit/credit card in PayPal is not the only way to get verified; you can also add a bank account to get verified status hence removing all limits. And also for the limit, according to this FAQ , the sending limit (buying limit) for unverified account is USD2000, PayPal Send Limit USD2000 That means an attacker can steal up to USD2000 before hitting the limit. So what exactly happened in Chanise case? Hence I rushed back home immediately to login to my ibanking account and found out that there were 2