MasterCard, VISA Warn of Processor Breach

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TheTrueCentrist

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krebsonsecurity.com/2012/03/mastercard-visa-warn-of-processor-breach/
VISA and MasterCard are alerting banks across the country about a recent major breach at a U.S.-based credit card processor. Sources in the financial sector are calling the breach “massive,” and say it may involve more than 10 million compromised card numbers.
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In separate non-public alerts sent late last week, VISA and MasterCard began warning banks about specific cards that may have been compromised. The card associations stated that the breached credit card processor was compromised between Jan. 21, 2012 and Feb. 25, 2012. The alerts also said that full Track 1 and Track 2 data was taken – meaning that the information could be used to counterfeit new cards.
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online.wsj.com/article/SB10001424052702303816504577313411294908868.html
Global Payments Inc., GPN which processes credit cards and debit cards for banks and merchants, has been hit by a security breach that has put some 50,000 cardholders at risk, according to people with knowledge of the situation.
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The full extent of the breach couldn’t be determined, one of the people said. It wasn’t immediately clear if cardholders have been hit by fraudulent transactions
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Fiasco said:
Understatement!
Let`s hang on to the good old coins and banknotes.

By the way, isn`t your screen name getting a bit dated? 😃
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Nope! It’s part of my name 🙂

Sent you a friend request.
 
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