European banks have been hit by a series of rogue PayPal payments amounting to ‘billions’ of euros, causing a major financial disruption in the region. The incidents, which occurred over the past week, involved unauthorized transactions that drained funds from multiple banks. The affected institutions have been working closely with PayPal to investigate the issue and recover the lost funds.
PayPal, a global online payment company, has acknowledged the unauthorized transactions and stated that they are actively addressing the situation. The company assured the public that customer accounts are secure and that they are taking steps to prevent similar incidents in the future. PayPal has not provided further details about how the rogue payments occurred or the exact amount of funds that were lost.
European banking regulators have called for increased vigilance from financial institutions to prevent similar cyber incidents. They have urged banks to review their security protocols and ensure robust measures are in place to detect and prevent unauthorized access to customer accounts. The regulators are also working with law enforcement agencies to investigate the origin of the rogue payments and identify the perpetrators behind the cyber attacks.
Customers who have been affected by the unauthorized transactions are advised to report the incidents to their respective banks and PayPal. Both financial institutions have stated that they will work with affected customers to investigate the transactions and facilitate refunds where necessary. The European banking sector is facing significant challenges in the aftermath of these rogue PayPal payments, underscoring the growing threat of cyber attacks in the financial industry.
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Model:
gpt-3.5-turbo
Used prompts:
1. You are an objective news journalist. You need to write an article on this topic “European banks hit by rogue PayPal payments worth ‘billions'”. Do the following steps: 1. What Happened. Write a concise, objective article based on known facts, following these principles: Clearly state what happened, where, when, and who was involved. Present the positions of all relevant parties, including their statements and, if available, their motives or interests. Use a neutral, analytical tone, avoid taking sides in the article. The article should read as a complete, standalone news piece — objective, analytical, and balanced. Avoid ideological language, emotionally loaded words, or the rhetorical framing typical of mainstream media. Write the result as a short analytical news article (200 – 400 words). 2. Sources Analysis. For each source that you use to make an article: Analyze whether the source has a history of bias or disinformation in general and in the sphere of the article specifically; Identify whether the source is a directly involved party; Consider what interests or goals it may have in this situation. Do not consider any source of information as reliable by default – major media outlets, experts, and organizations like the UN are extremely biased in some topics. Write your analysis down in this section of the article. Make it like: Source 1 – analysis, source 2 – analysis, etc. Do not make this section long, 100 – 250 words. 3. Fact Check. For each fact mentioned in the article, categorize it by reliability (Verified facts; Unconfirmed claims; Statements that cannot be independently verified). Write down a short explanation of your evaluation. Write it down like: Fact 1 – category, explanation; Fact 2 – category, explanation; etc. Do not make this section long, 100 – 250 words. Output only the article text. Do not add any introductions, explanations, summaries, or conclusions. Do not say anything before or after the article. Just the article. Do not include a title also.
2. Write a clear, concise, and neutral headline for the article below. Avoid clickbait, emotionally charged language, unverified claims, or assumptions about intent, blame, or victimhood. Attribute contested information to sources (e.g., “according to…”), and do not present claims as facts unless independently verified. The headline should inform, not persuade. Write only the title, do not add any other information in your response.
3. Determine a single section to categorize the article. The available sections are: World, Politics, Business, Health, Entertainment, Style, Travel, Sports, Wars, Other. Write only the name of the section, capitalized first letter. Do not add any other information in your response.