Tuesday, June 21, 2005

Major Card Vendors Stay Mum on Data Breach

Paul F. Roberts writes in eWeek:

Three days after MasterCard International revealed details of a massive hack at third-party credit card transaction processor CardSystems Solutions, little is known about how CardSystems' network was compromised, and most major credit card issuers are keeping mum about how many of their customers were caught up in the breach.

The hack, which may be the largest reported incident of data theft to date, is focusing attention on lax security at CardSystems Solutions Inc. and other third-party processors, which are not tightly monitored, despite processing millions of sensitive credit card transactions each year.


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