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Paypal-owned Canadian firm leaked 1.6 mn customers' records

IANS  |  New York 

Global payments platform has identified a potential compromise of personally identifiable information for approximately 1.6 million customers on TIO Networks -- a Canadian payments platform owned by

"The platform is not impacted in any way, as the TIO systems are completely separate from the network, and PayPal's customers' data remains secure," TIO Networks said in a statement.

paid $233 million in cash to acquire TIO Networks in July this year.

On November 10, suspended TIO's operations after it discovered security vulnerabilities in the firm's platform.

"The operations of TIO Networks were suspended to protect customer data as part of an ongoing investigation of security vulnerabilities of the TIO platform," the company said on Monday.

The ongoing investigation uncovered evidence of unauthorised access to TIO's network, including locations that stored personal information of some of TIO's customers and customers of TIO billers.

The company was yet to contact all customers, billers and retailers affected by the leak.

"Individuals who are affected will be contacted directly and receive instructions to sign up for monitoring," the company added.

"We will continue to communicate important updates to customers," TIO added.

has 218 million active account holders,

Available in more than 200 markets around the world, the platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies.

--IANS

na/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 04 2017. 18:20 IST
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