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Link Post

Over 1.5 million Visa, MasterCard credit card numbers stolen?

tuckfheman:

Summary: U.S.-based credit card processor company Global Payments is about to announce more details about the security breach that recently saw millions of credit card numbers stolen. It doesn’t look good.

Global Payments, the U.S.-based credit card processor company that experienced a security breach affecting plastic issued from Visa and MasterCard, is about to release more information about the attack. Last time, the firm said the breached portion of its processing system was confined to North America and that less than 1.5 million credit card numbers were stolen. The timeframe during which Global Payments was hacked, however, has significantly grown. In other words, the hack could have been much worse.

[Full Article]

you outta start checking your credit card statement more carefully..

(via securityeye)
Posted in visa mastercard global payments security breach hack identity theft credit card usa north america
Photo Post
Visa has dropped payment processor Global Payments from its list of approved service providers after a major cyber intrusion that could expose Visa, MasterCard, American Express and Discover card holders to fraud. (via Visa drops payment processor in midst of fraud scare | Money | Toronto Sun) Global Payments said it believes less than 1.5 million credit card numbers were stolen in the cyber security breach. It said so-called Track 2 card data was stolen but card holders’ names, addresses and social security numbers were not obtained. It also believes the affected part of its processing system is confined to North America. Global Payments, which is based in Atlanta and has estimated its revenues will top $2 billion this financial year, will hold a conference call with investors on Monday morning. A person improperly using Track 2 information can transfer the account number and expiration date of a card to a magnetic stripe on a fraudulent card and then try to use it to make online purchases. Global Payments spokeswoman Amy Corn said although the company had been taken off Visa’s list of compliant service providers it continued to process transactions. “We expect to be reinstated once we have been issued a new report of compliance,” she said. The firm, which has about 3,700 employees, was spun off from information services firm National Data Corp in 2001. For the year ended May 31, Global Payments reported revenue of $1.9 billion, up 13 percent. At a presentation in January it estimated revenue for the 2012 financial year at about $2.15 billion.

Visa has dropped payment processor Global Payments from its list of approved service providers after a major cyber intrusion that could expose Visa, MasterCard, American Express and Discover card holders to fraud. (via Visa drops payment processor in midst of fraud scare | Money | Toronto Sun)

  • Global Payments said it believes less than 1.5 million credit card numbers were stolen in the cyber security breach. It said so-called Track 2 card data was stolen but card holders’ names, addresses and social security numbers were not obtained. It also believes the affected part of its processing system is confined to North America.
  • Global Payments, which is based in Atlanta and has estimated its revenues will top $2 billion this financial year, will hold a conference call with investors on Monday morning. A person improperly using Track 2 information can transfer the account number and expiration date of a card to a magnetic stripe on a fraudulent card and then try to use it to make online purchases.
  • Global Payments spokeswoman Amy Corn said although the company had been taken off Visa’s list of compliant service providers it continued to process transactions. “We expect to be reinstated once we have been issued a new report of compliance,” she said. The firm, which has about 3,700 employees, was spun off from information services firm National Data Corp in 2001. For the year ended May 31, Global Payments reported revenue of $1.9 billion, up 13 percent. At a presentation in January it estimated revenue for the 2012 financial year at about $2.15 billion.
Posted in global payments visa track 2 security breach data privacy fraud theft mastercard cvv atlanta usa
Vid Post

oink, oink.. why single out Visa?

(Source: libertariancontrarian)

Posted in visa washington freedom liberty revolt protest blockade visa credit control libertarian