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I hope Global Payments doesn't strain itself patting its own back for containing a massive breach that occurred on its watch.
The company, which processes credit, debit, and gift card transactions between merchants, banks, and consumers, let a staggering 1.5 million credit card numbers get out in the open as a result of a still-to-be determined attack on its system. Yet it has barely shown any signs of contrition.
Most companies would have shown a bit of remorse for what has happened, but Global Payments has struck an almost self-congratulatory tone for how it identified the problem, alerted … Read more
Global Payments, a third-party payments processor at the center of a Visa and MasterCard security breach, reiterated Monday morning that while customer data may be at risk, the data breach has been "contained to the best of our ability."
Global Payments CEO Paul Garcia said that the "diligent work" may take some time, but it will complete the ongoing investigation and identify any changes that need to be implemented.
Garcia said the company will get its record of compliance back with Visa and MasterCard "as soon … Read more
As many as 1.5 million Visa and MasterCard accounts may have been compromised by the recent Global Payments security breach, the payment processor announced this evening.
Credit card numbers may have been exported, but no customer names, addresses, or Social Security numbers were accessed, the company said in a statement. The company believes the breach, which was revealed Friday, was confined to North America.
The nature of the breach, which was originally pegged at 50,000 accounts, has not been revealed. The company also did not say whether it knew of any fraudulent charges resulting from the breach on … Read more
Global Payments, the processor blamed for a Visa and MasterCard data breach last week, is likely to be able to manage its financial hit related to beefing up security.
Last week, Visa and MasterCard warned banks about a data breach. In addition, Global Payments issued a statement confirming the data breach. Global Payments said the company's security systems picked up the threat in March and contacted law enforcements. The company will hold a conference call Monday at 8 a.m. EDT.
It's unclear how many accounts were compromised, but 10 million is the largest reported number thus far. … Read more
Some 50,000 credit and debit cardholders may have their information exposed following a security breach at Global Payments, according to The Wall Street Journal.
The full extent of the breach is still unknown, the Journal reported today, and it's unclear whether fraudulent charges on cardholders have been racked up yet.
Global Payments later released a statement saying the breach didn't involve its merchants or their customers. The company said it had determined early this month that card data may have been accessed, and alerted law enforcement.
"It is reassuring that our security processes detected an intrusion,&… Read more
Three years ago one of the largest payment processors in the country reported that hackers had accessed its computer system, exposing millions of credit card numbers in what is believed to be the largest hacking-related security breach ever.
Heartland Payment Systems' CEO said at the time that the breach had occurred in 2008, but had only been discovered in January 2009. According to the DataLossDB site, the Heartland breach involved 130 million credit and debit card numbers. The company was sued by shareholders, but the suit was dismissed. Meanwhile, after pleading guilty to that hack as well as a slew … Read more
While more than 80 percent of the data breaches in 2011 were due to organized criminal activity, the number of records pilfered from activist groups represented 58 percent of the total, the report finds.
In particular, hacktivists targeted corporations and big agencies, and consumer data. Activist groups accounted for more than 22 percent of the data breaches targeting large organizations. Meanwhile, 95 percent … Read more
A Texas company is releasing a free mobile app today that will alert people if their personal data has been stolen and makes it into the hands of criminals.
AllClear ID offers identity fraud protection services to consumers when their data has been exposed by an attack on a corporate database or other compromise. For instance, Sony hired the company to help its 75 million PlayStation Network customers after the system was hacked and their names, addresses, e-mail addresses and other information were exposed last April.
While very few of the data breach incidents actually result in harm to consumers, … Read more
When the Antisec branch of Anonymous hacked into security think tank Strategic Forecasting, or Stratfor, at the end of December, one of its claims was the theft 200GB worth of data, including e-mails and clients' credit card information.
Days after the hack, the group published 860,000 e-mail addresses and 75,000 unencrypted credit card numbers on the Web.
Now, the FBI's Milan Patel says that between December 6, 2011, and February 2012, "at least $700,000 worth of unauthorized charges were made to credit card accounts that were among those stolen during the Stratfor Hack," according … Read more