United States of America: New York State Department of Financial Services imposed USD 2 million fine against PayPal for violations of cybersecurity regulation
Description
New York State Department of Financial Services imposed USD 2 million fine against PayPal for violations of cybersecurity regulation
On 23 January 2025, the New York State Department of Financial Services (NYDFS) announced that it had imposed a USD 2 million fine against PayPal for violations of the state's Cybersecurity Regulation. In particular, an investigation revealed that P…
Scope
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
platform intermediary: e-commerce
Implementation Level
subnational
Government Branch
executive
Government Body
other regulatory body