(Image source: New York Post)

 

BY CHRISTINA HARTMAN

ANCHOR ZACH TOOMBS

MasterCard is confirming an investigation into a possible security breach.

The company is keeping mum on specifics — like how many cardholders or banks might have been affected. Here’s WSYR.

“A security website says a credit card processor was compromised between January 21st and February 25th of this year. That means the information taken, could be used to make counterfeit credit cards.”

According to Reuters, Visa has also notified banks of a potential breach. The two companies say this isn’t an internal systems issue — but rather — third-party processing center Global Payments Inc. CNET reports,

“Global Payments processes payments from credit, debit, and gift cards between merchants and banks. Because it sits in this middle ground ... an attack on its system would leave a lot of private financial data exposed.”

The breach was first reported on the website KrebsonSecurity.com — run by former Washington Post staffer Brian Krebs. Early Friday Krebs reported as many as 10 million card numbers could be compromised.

But CNBC says its sources put that number closer to 50,000 cardholders — though on Friday afternoon — no one was giving out an exact number.  

“Visa and MasterCard emphasizing the data breach did not impact their own security systems which remain safe. Visa in a statement also saying that it has provided payment card issuers with affected account numbers so they can take steps to protect consumers...”

By Friday afternoon Global Payments hadn’t responded to either CNBC or The Wall Street Journal’s requests for comment.

The Journal reports, “Visa and MasterCard don't lend or issue cards to consumers; rather, they handle transactions for banks that issue their cards and those that handle transactions for merchants.”

Credit card customers wouldn’t be stuck with fraudulent charges, and according to CNNMoney — credit card companies typically give affected customers free fraud monitoring services when data breaches happen. 

MasterCard, Visa Confirm 'Major' Breach

by Christina Hartman
0
Transcript
Mar 30, 2012

MasterCard, Visa Confirm 'Major' Breach

(Image source: New York Post)

 

BY CHRISTINA HARTMAN

ANCHOR ZACH TOOMBS

MasterCard is confirming an investigation into a possible security breach.

The company is keeping mum on specifics — like how many cardholders or banks might have been affected. Here’s WSYR.

“A security website says a credit card processor was compromised between January 21st and February 25th of this year. That means the information taken, could be used to make counterfeit credit cards.”

According to Reuters, Visa has also notified banks of a potential breach. The two companies say this isn’t an internal systems issue — but rather — third-party processing center Global Payments Inc. CNET reports,

“Global Payments processes payments from credit, debit, and gift cards between merchants and banks. Because it sits in this middle ground ... an attack on its system would leave a lot of private financial data exposed.”

The breach was first reported on the website KrebsonSecurity.com — run by former Washington Post staffer Brian Krebs. Early Friday Krebs reported as many as 10 million card numbers could be compromised.

But CNBC says its sources put that number closer to 50,000 cardholders — though on Friday afternoon — no one was giving out an exact number.  

“Visa and MasterCard emphasizing the data breach did not impact their own security systems which remain safe. Visa in a statement also saying that it has provided payment card issuers with affected account numbers so they can take steps to protect consumers...”

By Friday afternoon Global Payments hadn’t responded to either CNBC or The Wall Street Journal’s requests for comment.

The Journal reports, “Visa and MasterCard don't lend or issue cards to consumers; rather, they handle transactions for banks that issue their cards and those that handle transactions for merchants.”

Credit card customers wouldn’t be stuck with fraudulent charges, and according to CNNMoney — credit card companies typically give affected customers free fraud monitoring services when data breaches happen. 

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