
Visa and MasterCard have reported that there has been a major breach of a US-based payments processor. KrebsonSecurity.com has stated that as many as 10 million credit cards may be affected, while The Wall Street Journal identifies the compromised processor as Global Payments Inc.
Reports have stated that Visa is sending a warning to banks of a network intrusion that lasted from January 21 to February 25. According to KrebsonSecurity, Track 1 and Track 2 data was lifted, meaning the hackers have everything they need to clone counterfeit cards. A forensic company and the US Secret Service are currently conducting an investigation.
After the reports were published, Global Payments released a statement confirming that it had “identified and self-reported unauthorized access into a portion of its processing system.” It continued:
“In early March 2012, the company determined card data may have been accessed. It immediately engaged external experts in information technology forensics and contacted federal law enforcement. The company promptly notified appropriate industry parties to allow them to minimize potential cardholder impact. The company is continuing its investigation into this matter.”
Visa, meanwhile, issued its own statement that said in part: “Visa Inc. is aware of a potential data compromise incident at a third party entity affecting card account information from all major card brands. There has been no breach of Visa systems, including its core processing network VisaNet.” MasterCard said its employees are “investigating a potential account data compromise event of a U.S.-based entity and, as a result, we have alerted payment card issuers regarding certain MasterCard accounts that are potentially at risk.”
The reports do not elaborate on the number of cards that may have been compromised. A company that works with credit unions, PSCU, has identified as many as 56,000 accounts that may be at risk. Avivah Litan, an analyst for Gartner who follows the credit card industry, has issued a report that says her sources “are seeing signs of this breach mushroom.”
Source: Ars Technica
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March 29th, 2012
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