David Marcus who is the President of Paypal, got his credit card hacked on Monday, The Leader of the online Payments’ company announced about his Hack through his twitter account.
The Tweet reads:
My card (with EMV chip) got skimmed while in the UK. Ton of fraudulent txns. Wouldn’t have happened if merchant accepted PayPal…
The magnetic strip is the main root of a credit card, which is mainly used in the US is the cause of this hack, according to the Marcus, he says ‘thieves probably skimmed the info from the magnetic stripe on his card,’ even though his card had an EMV chip, the technology which is in Europe and more secure than the ones commonly used in U.S.
My card (with EMV chip) got skimmed while in the UK. Ton of fraudulent txns. Wouldn’t have happened if merchant accepted PayPal…
— David Marcus (@davidmarcus) February 10, 2014
