(names changed to protect the guilty) Sold two kites using Kay Kal about a month ago. Logged onto my pp account today and should have had a positive balance of almost 1 k but instead had a negative 3 k. Someone (I know his name, add and tel #) had hacked into my yahoo email the day after I sold the kites and emptied my pp account and went on to pilfer another 3 k over the next month. He altered my yahoo mail settings so that I did not receive warnings of suspicious behavior on the account. The pp cops are after his butt but in the meantime please use these services with discretion.
I'm not an "IT" guy but this is how I think they do it. Maybe one of you "its" knows better......
Use any name to get an email address, they're millions out there.
Use an algorithm guessing proggy to generate a working password .
Lotsa folks use the same password for various logins so they can immediately log into those sites that use your email address for a name.
If that password doesn't work they get their proggy to find one that does.
What I don't get is how easy it was for them to snooker Pay Pal into giving them my dough.
If that's not the case then it was an inside job.