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PayPal Patches iPhone App

PayPal has released a patch for a vulnerability in its iPhone application that could allow hackers access accounts at the online financial transactions service, The Wall Street Journal reports.

The flaw only affected users of the PayPal applications on iPhones connected to the Internet through unsecured Wi-Fi networks, and did not impact the company’s Android app or users of the PayPal.com website, according to WSJ.

A hacker would have needed to intercept PayPal transaction data by using commonly available gear to get between an iPhone and the Wi-Fi hotspot.

PayPal spokeswoman Amanda Pires told WSJ the company knew of no accounts breached by the flaw, which was fixed Wednesday.

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