Daily Dashboard

Global Card Processor Reportedly Breached

DATA LOSS

March 30, 2012

The Wall Street Journal reports on a security breach of Global Payments, Inc., potentially putting approximately 50,000 cardholders' account information at risk. Though the "full extent of the breach" is not yet known, Mastercard and Visa have been alerting customers of the incident, and, according to the report, law enforcement authorities--including the U.S. Secret Service--have been notified. A Mastercard spokesman said the company's "own systems have not been compromised in any manner," but it "will continue to both monitor this event and take steps to safeguard account information." Visa has also reportedly notified banks of a security breach "within a third-party payment processor" that may have occurred between January 21 and February 25. The notice said, "The network intrusion may have put some accounts at risk of being stolen." (Registration may be required to access this story.)
Full Story