The payment processor is still without service following the investigation initiated by PayPal three months after the acquisition of the business.

PayPal revealed that your service of processing of payments TIO Networks was victim of a data breach that affected 1.6 million customers.

The company has stressed that the systems of TIO Networks are separated from the network of PayPal and there is a direct impact for PayPal users.

Paypal was acquired TIO in July of 2017 by 238 millions of dollars to help strengthen its portfolio of electronic payments. it is Not clear whether TIO was compromised before or after the purchase, what is known is that PayPal began to suspect from November.

“As announced on 10 November, PayPal suspended the operations of TIO to protect the data of customers as part of an ongoing investigation into the security vulnerabilities of the platform. This ongoing investigation into you have identified evidence of an unauthorized access to the network of TIO, including instances that store personal information of some of the clients”, it has been explained to you from PayPal.

service TIO Networks still remains out of line and PayPal has stated that it does not resume until it has restored the confidence in the security of the platform.

A corporate area that it has not yet incorporated the security is that of mergers and acquisitions. In recent months, more companies have announced security breaches after the purchase from other suppliers, for example, Avast released a data gap to CCleaner following the acquisition of Piriform.