04 September 2015

Global Payments hit by 'massive' breach

30 March 2012  |  10995 views  |  0 shark

Visa and MasterCard are warning banks that a US credit card processor has suffered a major security breach that may have compromised the data of millions of people, according to the KrebsonSecurity blog.

Citing sources, the well-connected Krebs says the breach - which happened between 21 January and 25 February - is being called "massive", potentially involving more than 10 million cards.

In alerts to banks, Visa and MasterCard have warned that "full Track 1 and Track 2 data" has been taken, meaning counterfeits could be made using the information. The name of the processor has not been revealed.

MasterCard, VISA Warn of Processor Breach - KrebsonSecurity

Update 1: MasterCard has confirmed that it is investigating a breach at a third party processor. The card scheme says police and the Secret Service have been notified and that a forensic investigation is underway at the unidentified third party. The company declined to say how many cards had been hit by the incident.

Update 2: US card processor Glbal Payments has confirmed in a press release late Friday evening that it discovered an unauthorised access of its processing system in early March.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

14 March, 2012
16 December, 2011
14 December, 2011
30 August, 2011
27 June, 2011
27 April, 2011
28 July, 2010
21 January, 2009
25 October, 2007

Related company news

 

Who is commenting?

Finextra Member Commented on: HSBC to rebrand Britsh...
Finextra Member Commented on: Zapp to use behavioura...

Top topics

Most viewed Most shared
Third of Brits expect day-to-day mobile pa...
8353 views comments | 39 tweets | 15 linkedin
Payments UK sets out vision for 'world cla...
6889 views comments | 17 tweets | 10 linkedin
Swedish mPOS firm iZettle raises EUR60m fo...
6198 views comments | 13 tweets | 8 linkedin
HSBC glitch leaves thousands of customers...
6124 views comments | 13 tweets | 7 linkedin
UK boosts contactless limit to £30
5666 views comments | 31 tweets | 20 linkedin

Featured job

Max £55k
London

Find your next job