06 Jan 2023

Jimmy Soni on Why PayPal Was Successful

In this OODAcast, we talk with Jimmy Soni, the author of the book “The Founders: The Story of PayPal and the Entrepreneurs Who Shaped Silicon Valley”. Jimmy takes a deep, historical look at the founding story of PayPal with detailed analysis, interviews, and access that you won’t find in any other telling of the PayPal story. PayPal is a fascinating company to look at, not only to examine the PayPal business, but in looking at what emerged out of the PayPal founding team in the future. A list of companies that includes the likes of SpaceX, Tesla, Affirm, LinkedIn, YouTube, Yammer, Palantir, Kiva, Yelp, and Yammer.

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23 Nov 2022

Top 10 Security, Technology, and Business Books of 2022

Welcome to the 2022 edition of my top 10 books of the year list. This year, I’ve decided to split the fiction books into an additional category and given you two bonus books for your consideration written by close friends of mine.  With the launch of the Hack Factory this year, I’ve been very focused on business, building technologies, and investing style books. As a result, that is a major thematic for this year.  Noticeably absent are books on Blockchain/Cryptocurrencies as that industry is in the middle of a Creative Destruction phase, and I continue to view cybersecurity as being stuck in a Cyber Winter.

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12 Oct 2022

A New Wave of PayPal Invoice Scams Using Crypto Disguise

Security researchers at Trend Micro have identified a new wave of PayPal invoice scams that are leveraging blockchain and cryptocurrency related-businesses to lure victims. The scammers are using a common method of impersonating PayPal sellers to deliver invoices to random targets. The invoices state that the users have been charged

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08 Jul 2022

PayPal and Microsoft Adopt Cryptocurrencies: What This Means for the Future

The recent crypto market crash has sparked a wave of fear, uncertainty and doubt throughout the industry. The crash, which is now being called a stablecoin crash started with the imploded Terra LUNA which lost over 95% of its value in a matter of hours. These developments sparked a marketwide

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08 Jun 2022

PayPal gets its full New York BitLicense, and now lets users transfer crypto to external wallets

PayPal has been granted a full BitLicense from the New York Department of Financial Services, the company announced in a press release. This makes PayPal the first company to trade in a conditional BitLicense for the real thing. New York introduced its BitLicense in 2015 as a way to regulate businesses

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04 Nov 2021

PayPal, Venmo and CashApp simplify cryptocurrency for beginners

If you find cryptocurrency intimidating, payment apps want to help. Venmo, PayPal and Cash App have added cryptocurrency purchasing to their popular payment services, expanding the reach of Bitcoin, Ether and other digital money to investors who may be daunted by jargony exchanges and a multitude of digital wallets. That

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15 Oct 2021

European rival to PayPal and Square makes $317 million acquisition to expand in the U.S.

SumUp, a U.K.-based payment processor, has acquired marketing start-up Fivestars in a bid to expand its reach across the U.S. and take on giants like PayPal and Square. The company said Thursday it was buying Fivestars for $317 million in a mix of cash and stock. San Francisco-headquartered Fivestars helps merchants

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30 Mar 2021

PayPal launches crypto checkout service

On Tuesday, PayPal Holdings Inc. will announce U.S. consumers will be allowed to use their cryptocurrency holdings to pay at online merchants globally. This move could significantly boost the use of digital currencies in commercial transactions every day. Bitcoin, ether or bitcoin cash in PayPal wallets will be able to

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01 Dec 2020

Magecart Attack Convincingly Hijacks PayPal Transactions at Checkout

A new credit card skimmer is utilizing postMessage to create convincing PayPal transactions that are illegitimate and steal payment data. The new credit card skimming campaign comes during the holiday season when more customers are using e-commerce sites and shopping online. The malicious process hijacks PayPal transactions during checkout, causing

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25 Feb 2020

PayPal accounts are getting abused en-masse for unauthorized payments

Hackers discovered a vulnerability within the online payments platform PayPal, which allows attackers to perform illegal transactions. The bug lies within PayPal’s Google Pay integration, and hackers have since been exploiting it to buy products online and incur unauthorized charges. Since last Friday, users have reported unauthorized transactions in their

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