Top Handle
by admin on Friday, September 30th, 2011 | Comments Off
Top Handle
Global Payments Security Breach: Firm Dropped By Visa After 1.5 Million Credit Card Numbers Possibly Exposed (Huffington post)
* Believes affected part of system confined to N America
* Says card holders' names, addresses, social security numbers safe
* Ordered by Visa to revalidate compliance processes
NEW YORK, April 1 (Reuters) - Visa Inc has dropped payment processor Global
Payments Inc from its list of approved service providers after a major cyber
intrusion that could expose Visa, MasterCard, American Express and Discover
card holders to fraud.
Global Payments said it believes less than 1.5 million credit card numbers
were stolen in the cyber security breach.
It said so-called Track 2 card data was stolen but card holders' names,
addresses and social security numbers were not obtained. It also believes the
affected part of its processing system is confined to North America.
Visa, the world's largest credit and debit-card processing network, said it
removed the company from its registry of compliant service providers due to
"unauthorized access into a portion of (Global Payments') processing system".
It told Global Payments to revalidate its compliance processes with the
payment card industry's data security standard.
Global Payments, which is based in Atlanta and has estimated its revenues will
top $2 billion this financial year, will hold a conference call with ...
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