PayPal has signaled its intent to significantly enhance online security by filing a patent for an innovative method to detect stolen cookies.
This move highlights the seriousness of cybersecurity threats and PayPal’s commitment to protecting users’ financial information.
“The theft of cookies is a sophisticated form of cyberattack, where an attacker steals or copies cookies from a victim’s computer onto the attacker’s web browser,” PayPal says in the patent application.
“With stolen cookies often containing hashed passwords, the attacker can use a web browser on the attacker’s computer to impersonate the user (or authenticated device thereof) and gain access to secure information associated with the user’s account without having to manually login or provide authentication credentials,” it is further explained.
