New credit card data breach revealed. Avivah Litan VP Distinguished Analyst 12 years at Gartner 30 years IT industry Avivah Litan is a Vice President and Distinguished Analyst in Gartner Research.
Her area of expertise includes financial fraud, authentication, access management, identity proofing, identity theft, fraud detection and prevention applications…Read Full Bio Coverage Areas: by Avivah Litan | March 30, 2012 | 140 Comments Just when we thought the big credit card data breaches were over, at least for a while (with Alberto Gonzalez put away after his scams at TJX, Heartland Payments and others) – along comes a new one reported today in www.Krebsonsecurity.com. Visa and MasterCard have already issued warnings on this. One interesting twist again sheds light on the fact that knowledge based authentication should not be relied upon. Isn’t that usually the case? A layered approach is always best, since you have to assume the bad guys will get through one or two or even three layers.
Category: Uncategorized Tags: 'Massive' credit card data breach involves all major brands - Mar. 30. NEW YORK (CNNMoney) -- A data breach at a payments processing firm has potentially compromised credit and debit card information from all of the major card brands.
Global Payments (GPN), a company that processes card transactions, confirmed late Friday that "card data may have been accessed. " It says it discovered the intrusion in early March and "promptly" notified others in the industry. Global Payments did not say how many accounts were affected, or what kind of information was compromised. A U.S. Secret Service spokesman said Saturday that the agency is investigating the incident. A Wall Street Journal report from earlier Friday saying that Global Payments had been hacked sent the company's shares down 9% before trading was halted.
Global Payments did not say which card companies were affected, but Visa released a statement saying that it was all of the big players. It emphasized that none of them were to blame for the data leak. Breach Hits Card Processor Global Payments. 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. Update, 4:32 p.m. ET: Atlanta-based processor Global Payments just confirmed that they discovered a breach in early March 2012. See their full statement and several other updates at the end of this story. Original post: In separate non-public alerts sent late last week, VISA and MasterCard began warning banks about specific cards that may have been compromised. Neither VISA nor MasterCard have said which U.S. It’s not clear how many cards were breached in the processor attack, but a sampling from one corner of the industry provides some perspective. If any readers have more information about the source, cause or true size of this breach, please contact me.
Update, 11:52 a.m. It’s important for U.S. Update, 12:15 p.m.