The ex-hacker and security researcher Razvan Cernaianu explains on his blog, how one can double with Paypal its credit. According to Paypal, it is not a bug or hack, but simply criminal prosecution.
Double credit: This says Paypal
We would like to draw your attention to the fact that we have not tested the procedure. In addition, you should be careful not to misunderstand and use the article as a guide. After all, Paypal will investigate the misuse and display it.
Cernaianu cites three paypal accounts. One of them is the classical one, two more are faked: with virtual credit cards. Then a transfer from the real account with an amount of 500 euros to one of the faked accounts. From this book you now book the 500 euros as a gift to the third account. Now, according to Cernaianu, PayPal is requesting a return booking on the grounds that the desired product, which one had ordered, was not delivered.
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Since the faked account is only linked to a virtual credit card, Paypal can not claim money and can return the money at its own expense. In addition, there is the money from the third account, which can be transferred back.
When Cernaianu reported the error to Paypal, he received an astonishing response: it was not a bug in the system but a mistake in fraud protection.
Paypal has now also officially voiced the security gap. According to the company, the company is aware of the situation, but the Cernaianu report shows how fraud is carried out and a criminal offense is committed and not a weak spot in the Paypal system. In addition, the company is using many security measures to prevent such fraud. In addition, Paypal emphasizes that law enforcement officers around the world will be involved in criminal offenses and will fight against abuse.
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