Feds Begin CardSystems Investigation
Ed Oswald writes in BetaNews:
The U.S. government said on Tuesday that it launched an investigation into the practices of CardSystems Solutions last week. Investigators are hoping to find out how hackers managed to get into the company's systems and download credit card information for thousands of card holders.
The Federal Financial Institutions Examination Council, a conglomerate of several federal financial agencies is heading the investigation that is expected to take approximately two to four weeks. Seperately, the FBI has launched an investigation into the matter as well.
posted by Fergie @ 6/22/2005 10:36:00 AM
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