Monday, June 27, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Trademarks The 'Ahead' Communication Device
Intel Could Sell Cyber-Security Unit
Microsoft Says Scorpio System will Not Offer Higher Frame Rates With Xbox One Games
China to Regulate Search Results Ads
HTC Apologizes For Poor Results, Pins Hopes On VR
MediaTek To Invest $6.15 billion on 5G Communication Technologies
EU, United States Strengthen Data Transfer Pact
BitTorrent Now Music And Video App Launched
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > MasterC...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, March 30, 2012
MasterCard, VISA Warn U.S. Banks Of "Massive" Security Breach


VISA and MasterCard have alerted U.S. banks about a recent major breach at a U.S.-based credit card processor, which may involve more than 10 million compromised card numbers.

Security blog KrebsOnSecurity, which first reported the story,said that the breached credit card processor was compromised between Jan. 21, 2012 and Feb. 25, 2012. The alerts sent to the banks also reportedly said that the stolen data was enough to be used to counterfeit new cards.

VISA confirmed the breach: "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.

Visa has provided payment card issuers with the affected account numbers so they can take steps to protect consumers through independent fraud monitoring and, if needed, reissuing cards.

It?s important for U.S. Visa consumer cardholders to know they are protected against fraudulent purchases with Visa?s zero liability fraud protection policy, which exceeds federal safeguards. As always, Visa encourages cardholders to regularly monitor their accounts and to notify their issuing financial institution promptly of any unusual activity. Additional consumer security tips are available at www.VisaSecuritySense.com.

Mastercard said: "We are concerned whenever there is any possibility that cardholders could be inconvenienced and we continue to both monitor this event and take steps to safeguard account information.

"If cardholders have any concerns about their individual accounts, they should contact their issuing financial institution."

Neither VISA nor MasterCard have said which U.S.-based processor was the source of the breach. Reports suggested the stolen details had been obtained in New York.

Gartner analyst Avivah Litan says that that the crime was perpetrated by a Central American gang that broke into the company?s system by answering the application?s knowledge based authentication questions correctly.

After the initial report, the Wall Street Journal quoted its own industry sources as saying card-processing firm Global Payments was the company that suffered the breach


Previous
Next
Android 4.0 Upgrade Coming to 2011 Xperia Smartphones From mid-April        All News        Google To Offer Publishers Alternative Way To Gate Access to Content
WikiMedia Introduces The Wikidata Project     General Computing News      Google To Offer Publishers Alternative Way To Gate Access to Content

Get RSS feed Easy Print E-Mail this Message

Related News
Hackers Accesssed Customer Credit Card Data From Acer Store
Mark Zuckerberg's Social Media Accounts Were Hacked
Hackers Target Banks in the Middle East
Hackers Steal, Sell Verizon Enterprise Customer Data
U.S IRS Discovers More Data Had Leaked In Last Year's Cyberattack
Hackers Hit Homeland Security And FBI
T-Mobile Customers Exposed in Experian Breach
Cisco Routers Vulnerable To Attack: researchers
Hackers Stole Data From Bugzilla
American Airlines, Sabre, Hacked
Researchers Showcase Javascript-based Attack On a Computer's DRAM
Hackers Used Twitter hashtags To Extract Data From Compromised Networks

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .