|31 Mar 2012||#1|
MasterCard and Visa payment processor compromised, up to 10 million...
MasterCard and Visa payment processor compromised, up to 10 million cards stolen
Brian Krebs is reporting that MasterCard and Visa are warning member-banks of a payment processor breach that may impact more than 10,000,000 credit cards.
It is important to note that MasterCard and Visa's own networks were not involved in the attack, it appears to be related to payment processor Global Payments.
Reuters is reporting that Global Payments stock was suspended for trading after falling more than 9% on the Nasdaq stock exchange.
Krebs reported that one of the financial institutions he spoke with had to cancel 56,455 credit cards, of which fraud was detected on 876, or 1.5%.
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