From the Reporters
Mar 10, 2008

Why I'm Done With PayPal

 

I've never been the victim of an online security breach. I've never had my identity stolen. That's partly because I'm lucky, and partly because I'm conscientious. Every year, I get a free copy of my credit report and scan it for errors (last year, there were eight or nine mistakes, and I managed to fix all but one before giving up).

In the last week, however, I have become a victim--not of an online security breach, but of a company's overheated reaction to what may or may not have been an online security breach. The company is PayPal, and this is probably the last time I will ever use it as a place to park my cash.