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PayPal Settles With Texas Over Venmo App Security Claims

Discussion in 'SecurityWeek' started by RSS, May 26, 2016.

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    RSS New Member Member

    Texas Attorney General Ken Paxton announced that Texas has entered into an Assurance of Voluntary Compliance agreement with PayPal over alleged privacy and security violations by Venmo, a company acquired by PayPal in 2013. Under this agreement, PayPal will pay $130,000 to the State of Texas, and a further $45,000 to the state Attorney General to cover attorneys' fees.

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