Hackers stole from many PayPal accounts in Singapore in the past two months, highlighting the need for a higher level of security for accessing online accounts.
The losses range from $50 to more than $3,000, with many victims saying this was the first time it had happened to them.
At least one major bank, which declined to be named, told The Straits Times that it has received more complaints in the last few months from customers about fraudulent PayPal transactions on their credit cards. PayPal, on the other hand, maintained that its system was not hacked into, but rather that users responded to scammers' e-mail, say, by clicking on fraudulent Web links resulting in their accounts being compromised.
Source:
