Posted on 03/30/2012 7:39:45 AM PDT by sheikdetailfeather
DEVELOPING: MasterCard is reportedly investigating a possible breach of cardholder account data involving a U.S.-based payment processor, the company said Friday.
The Wall Street Journal reports that the Purchase, N.Y., credit-card company said law enforcement has been notified of the matter and an "independent data security organization" is conducting an ongoing forensic review.
The company is alerting card-issuing banks regarding "certain MasterCard accounts that are potentially at risk."
"MasterCard's own systems have not been compromised in any manner," a company spokesman told the newspaper.
The spokesman declined to say how many cards may have been compromised or how many banks it is notifying.
The breach was first reported early Friday by Krebs On Security, a blog by former Washington Post reporter Brian Krebs. The blog also reported that Visa was also notifying banks about a breach involving a third-party payment processor.
Read more: http://www.foxnews.com/us/2012/03/30/visa-mastercard-warn-massive-security-breach-report-says/#ixzz1qbwSteZA
(Excerpt) Read more at foxnews.com ...
Wow!!!!!
If you use your credit card to auto pay bills like Dish and AT&T, be prepared for some BS from them unless you change your acct. with them. Some companies like the two mentioned like to use this as an excuse to bill you for late payments instead of contacting you to update your card info.
That’s why I pay manually online, I try to avoid using AutoPay. Forces me to actually look at the bill.
This is one reason I don’t use auto-pay. I prefer “hands on” when paying my bills.
The good news is so far, I haven’t seen any unusual charges.
We had the samething happen with us as noted in my reply.
What happened to us was an auto and free upgrade on my main credit card. The credit card company finally got involved and helped to defang Dish and AT&T.
“
A couple of months ago, my VISA notified me that someone in Turkey was trying to purchase round trip airline tickets to Dubai — using my number. They stopped the transaction.
However, they also cancelled my number and issued a new card — which took a few days to arrive.
This all happened during the end of the month cycle. I use the card to auto pay utilities and cable to rack up reward points. They had the old number and would not let me switch out, until they processed the bills — which bounced.
It was hassle. I got hit with late fees and had to cancel the original auto pay and re-sign with the new card number.
==
13 posted on Friday, March 30, 2012 8:03:51 AM by TomGuy
Last year someone in Asia was purchasing computers using our credit card (credit union)....after a couple of months we got it all figured out, but doesn’t make me too comfortable.
After my experience with these bozos, I now pay all of my bills on line with a monthly electronic payment/check from my checking account.
Good advice from both of you for anyone impacted with this latest fraud.
To: Grampa Dave
That’s why I pay manually online, I try to avoid using AutoPay. Forces me to actually look at the bill.
23 posted on Friday, March 30, 2012 8:26:57 AM by dfwgator (Don’t wake up in a roadside ditch. Get rid of Romney.)
[ Post Reply | Private Reply | To 22 | View Replies | Report Abuse]
To: Grampa Dave
This is one reason I don’t use auto-pay. I prefer “hands on” when paying my bills.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.