Skip to comments.Massive Data Breach Strikes Visa, MasterCard, Others
Posted on 03/31/2012 7:29:24 AM PDT by Mad Dawgg
Four giant card-payment processors and large U.S. banks that issue debit and credit cards were hit by a data-security breach after third-party services provider Global Payments Inc discovered its systems were compromised by unauthorized access.
It was not immediately clear how many cardholders became victims of the breach, which affected MasterCard Inc, Visa Inc, American Express Co and Discover Financial Services, as well as banks and other franchises that issue cards bearing their logos.
U.S. law enforcement authorities including the Secret Service are investigating and MasterCard said it has hired an independent data-security organization to review the incident.
(Excerpt) Read more at foxbusiness.com ...
Obama looking for donations.
..that you pay well to say?
I was quite recently a victim of such fraud/theft. Some idiot in Ireland, of all places, got hold of my ATM card number and had a field day, cleaning out my checking account in one day.
Thank God I bank at a credit union that holds you not liable for a penny of such fraud. Got it all back in a couple days, but a lot of merchants in Ireland got stuck for some pretty hefty tabs (electronics, hardware, etc., etc.).
Oh, that’s just wonderful.
Oh, goody! Won’t this be fun!
Great— compromised for over a month, from 1/21/12 to 2/25/12. Nice work.
You won’t even notice it.
Don’t get me wrong. Not saying it’s good.
Just saying you won’t even notice it.
Can't wait for that "Cashless Society" all the Socialists keep nattering about...
I got hit for over $17k on a Sears Gold VISA card last year, traced to Russian purchases, and Sears ate all of the fraud. I’d had that Sears account for many, many yrs.
The Sears’ rep told me that they have 2,500 people just working on CC fraud cases/intel, within the company and that’s why the raised interest rates on cc/cash purchases and monthly balance fees. They canceled card, issued a new account and card.
After it was resolved, I paid it off, closed the card and get my local bank’s CC. No problems yet. Fingers crossed, but it’s going to happen again sometime, the odds are. Just too much CC money out there for thieves
It was a back in early Feb and I never did get a bill on my CC account for it.
It happened once before too, you get the item ordered but it never gets billed to you.
I’ve only got a mid four-figure limit on my card and pay any charges off each month. A few months ago the company doubled the limit. Had ‘em put it back down as I had no need for that much, as well as the risk of something like this happening.
Two years ago I got in an argument with Master Card. Someone charged $16000 to my card to buy a Suzuki motorcycle in Brisbane, Australia.
here’s the zinger. MasterCard had just sent me a new card the week before. The card had a new account number on it, a new 3-digit security code and, the best part, I had not activated the card yet. It took me 3 months of arguing with them before they took off the charges and almost a year before they fixed the currency exchange fees.
Same thing happened to my son. Some idiot was using his card at random locations in Boston, which is clearly not in Texas, where my son goes to work every day.
Wow. Lucky you, I guess.
Why would Master Card be so horsey about removing a charge that was clearly not conducted by you? (Were you in Australia at the time?) I’d have had to close my account with them once things were straightened out.
Interesting my mc got hit for 6500 at a motorcycle shop in Australia 2-3 years ago- at the same time another 6000 to some place else in the US some charity(fake?)-total just below my limit(how did they know) the fraud dept called me immediately asked if I made the purchase after I said no they immediately canceled the card I was never billed and issued a new card.
Many moons ago (late 90s) I got charged for Skiing Apparel bought in Aspen Colorado (about 700 bucks worth) I called Amex and told them Not only that I did not Buy anything in Aspen but I don't Ski and I've never been there. (at the time) They assured me the Charges were valid because The Store had swiped my card.
I told her OK then could she check the charge that was right before it and if they had swiped the card also. She told me it had been swiped also. It was a charge for a restaurant in Columbus Ohio and according to the time stamps on both charges I ate Lunch at around Noon in Columbus Ohio then somehow was in Aspen 18 minutes later to buy 700 bucks worth of Ski Clothes.
Her manager fixed the charge and waived the yearly fee for my Amex Gold for the Next Year and sent me a new card.
We are under attack by the chinese, russia, and our government..
Smart. I will think about doing that, but I do pay-off the balance in 29 days on the one CC I have, to avoid interest. I’m totally debt-free, owning everything and owing zero. Only use the CC for small online purchases now.
SOB’S got me in Jan. this year. Fortunately the credit card “Visa” which I got thru. our credit union called me and said they had a red flag on my account. “Did I just pay for a hotel room in Australia for $597.” Hell no! I’m in Virginia. Told them to cancel my account, but they already had a block on it. They sent me some papers to sign, for investigation purposes and ultimately that was the end of it. They send me a new care which I have in tin foil tape in my wallet. So now both wife n I have our wallets sealed in tin foil tape. I rarely ever use a credit card so not sure how they got it in the first place. I would like to choke the s**T out of the culpret.
Comrades, you don’t need any money.. I will watch over it for you..now, go dig potatoes or I’ll take your children..they need to be indictrinated, oh excuse me”properly trained in fairness” which me, what ever I want is fair..awww Jeeeez
I'll bet there is a lot of fraud out there where someone makes a deal with another party out of state or country. All they need to do is share the card info.
A few years ago a women was caught for doing this. I think she was from Texas and the incident took place in Florida. It turned out the person in Florida was a friend and in on the scheme.
The credit card folks know all about this form of fraud and are within their rights to fully investigate.
Death penalty for those who can be caught. That would eliminate domestic thieves. Time to stop playing nice.
since the thread is full of stories, had my card duped while in philadelphia 6 years ago. only had used it 2 places, thomas jefferson hospital (where the lady had physically taken it out of my sight several minutes) and a hotel where it was in my sight but I didn’t really pay attention.
Wonder how much the lady got paid.
attempted 3k euro charge in italy shortly thereafter.
All it takes is a little RF chip under the skin, and you'll never have to worry about ID theft again.
Yep, they’re on top of it.
This is what happens when you “outsource”
Another time, MC called me to say that there had been a series of small ($1) charges on my card to iTunes. When I said that I didn't use iTunes, they immediately cancelled my card and reissued another. They told me that a lot of people test fraudulent cards by using them for very small purchases, then use them for bigger ones once they know they work.
Overall, I have had good experiences.
“Can’t wait for that “Cashless Society” all the Socialists keep nattering about...”
My thoughts exactly; don’t hold your breath.
“Had em put it back down as I had no need for that much, as well as the risk of something like this happening.”
That helps your credit rating as well to have it lower; having a lot of available credit makes you a bit more of a risk.
They deserve it for supporting the Federal Reserve. /sarc
Thanks Mad Dawgg.
I doubt it was Anonymous, there are plenty of other people out there seeking to steal credit card data.
Its pathetic how poorly some companies care for your data. I’ve had many tell me “well I haven’t had a problem so why would I spend money to fix it”
That guy had no firewall, no encryption, and lots of healthcare and credit card data.
I just had the same experience with AmEx. I tried to order a gift for my grand daughter’s birthday but the transaction would not go through. Before I even got away from the computer, American Express called to see if I was making the transaction and was it legit.
Oh, no, all our account balances have been reset to zero, what are we gonna do?
American Express does that periodically with internet purchases.
Big corporations get to lose our data that they are entrusted with and it ends up as we the customers being responsible for the inconvenience and potential loss of our ID. We the victims are made responsible. They say, yeah we lost your data but you can buy an insurance policy to protect against loss of your ID for only $10 a month.
It would serve society better and result in much more secure transaction and data policies if the corporations were either held totally responsible for our ID protection and loss henceforth, and/or if they were required to pay an assessment for every record lost to the owners of that data - US. They need to be held responsible and not be able to pass the buck to customers.
It might serve us better if our data was held encrypted on our card and it was only in the system during the actual transaction and not actually stored there
Until someone chops off the body part that has the RF chip!
Didn’t Democrat Lyndon LaRouche’s followers bill donations to stolen credit card numbers?
“”All it takes is a little RF chip under the skin, and you’ll never have to worry about ID theft again.”
Until someone chops off the body part that has the RF chip!”
It might be more practical to simply crack & replicate its RF exchange.
In fact, when they introduced credit card logos, I called the 800 number and complained. Within 24 hours I had a new card without logos, that can't be used as a credit card.
I have an AX card. Why would I need to use my friggin' bank card as a credit card?
If you don’t use credit cards.
Three weeks later the gas station was closed and I had a new card from MC. Pain in the a$$, but the happy part was that some people evidently got what was coming to them.
By the way, I'm impressed with MC and the oil company. When you are an actual witness to fraud, you are treated to amazing efficiency, your calls travel up the chain instantly and numerous teams call you for details. I was quite impressed.