Security Breach Could Expose 40M to Fraud

[jojo54]

Sorry if this is dupe. It's just from the Comcast.net page but if it hasn't been posted yet, I wanted everyone to be aware. Gotta log off. Link:http://www.comcast.net/news/index.jsp?cat=GENERAL&fn=/2005/06/18/158928.html

NEW YORK - A security breach of customer information at a credit card transaction company could expose to fraud up to 40 million cardholders of multiple brands, MasterCard International Inc. said Friday.

The credit card giant said its security division detected multiple instances of fraud that tracked back to CardSystems Solutions Inc., which processes credit card and other payments for banks and merchants.

The compromised data included names, banks and account numbers - not addresses or Social Security numbers, said MasterCard spokeswoman Sharon Gamsin. Such data could be used to steal funds but not identities.


Discover Financial Services Inc. said it was aware of the situation and would not say whether any of its cards were involved. Visa USA and a large issuer of cards, MBNA Corp., did not immediately calls seeking comment.

[napi21]

1. What the hell is going on with the info security bueiness?

Is this something new, or has it been happening all along and we just were never told about it!

I'm sure no worrier, and I do business on the net all the time. I also pay for almost everything with a credit card because it gives me an excelent ability to assess all my expenses with the end of the year summary. Now I'm getting a little nervous. I understand crooks and thieves, but I sure don't understand these huge businesses whose job it is to provide secure transactions screwing up constantly!