European banks hit by rogue PayPal payments worth 'billions'
European banks hit by rogue PayPal payments worth 'billions' The BBC has approached PayPal for comment. The DSGV confirmed to the BBC there had been "incidents involving unauthorized direct debits initiated by PayPal against various credit institutions". It said payments were paused on Monday when lenders reported millions of suspicious direct debits from the payment firm. The German newspaper Sueddeutsche Zeitung (SZ) says payments worth in the region of 10 billion euros (£8.6bn) have had t