19 February 2017
visit nextgenbanking.co.uk

Global Payments hit by 'massive' breach

30 March 2012  |  11704 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)

Finextra news in your inbox

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

Related stories

US security agencies to alert consumers of data breaches

US security agencies to alert consumers of data breaches

14 March 2012  |  4334 views  |  0 comments
Visa Europe probes potential processor security breach

Visa Europe probes potential processor security breach

16 December 2011  |  9189 views  |  0 comments
Court dismisses Heartland data breach claims

Court dismisses Heartland data breach claims

14 December 2011  |  7230 views  |  0 comments
Crooks net $13m in ATM heist

Crooks net $13m in ATM heist

30 August 2011  |  11596 views  |  0 comments
Citi hackers steal $2.7m

Citi hackers steal $2.7m

27 June 2011  |  12202 views  |  1 comments
Massive Sony data breach leaves card details at risk

Massive Sony data breach leaves card details at risk

27 April 2011  |  10319 views  |  0 comments
Fall in number of data breaches - Verizon

Fall in number of data breaches - Verizon

28 July 2010  |  6183 views  |  0 comments
US payment processor Heartland reports massive data breach

US payment processor Heartland reports massive data breach

21 January 2009  |  15415 views  |  1 comments
TJX breach gets bigger with 94 million card numbers exposed

TJX breach gets bigger with 94 million card numbers exposed

25 October 2007  |  9401 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit dh.comvisit BNP paribas

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
13274 views 11 comments | 48 tweets | 78 linkedin
Nesta launches £5 million Open API challengeNesta launches £5 million Open API ch...
9940 views comments | 21 tweets | 18 linkedin
Jaguar embeds payments into digital dashboardJaguar embeds payments into digital dashbo...
9281 views comments | 48 tweets | 55 linkedin
The fintech effect: Banks buy in to benefits of boosting financial well-beingThe fintech effect: Banks buy in to benefi...
8725 views comments | 15 tweets | 11 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
7419 views comments | 16 tweets | 12 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job