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Massive Data Breach Strikes Visa, MasterCard, Others
Fox Business.com/Reuters ^ | March 30, 2012 | Reuters

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 ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News
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Anonymous?
1 posted on 03/31/2012 7:29:28 AM PDT by Mad Dawgg
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To: Mad Dawgg

Obama looking for donations.


2 posted on 03/31/2012 7:32:57 AM PDT by lefty-lie-spy (Stay metal. For the Horde \m/("_")\m/ - via iPhone from Tokyo.)
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To: Mad Dawgg
MasterCard said it has hired an independent data-security organization to review the incident

..that you pay well to say?

3 posted on 03/31/2012 7:38:56 AM PDT by Doogle (((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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To: Mad Dawgg

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.).


4 posted on 03/31/2012 7:43:57 AM PDT by RightOnline (I am Andrew Breitbart!)
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To: Mad Dawgg

Oh, that’s just wonderful.


5 posted on 03/31/2012 7:48:16 AM PDT by wastedyears (Signature for sale.)
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To: Mad Dawgg

Oh, goody! Won’t this be fun!


6 posted on 03/31/2012 7:48:29 AM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Mad Dawgg

Great— compromised for over a month, from 1/21/12 to 2/25/12. Nice work.


7 posted on 03/31/2012 7:49:46 AM PDT by Clara Lou (ABO! Go Newt!)
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To: Right Wing Assault

You won’t even notice it.

Don’t get me wrong. Not saying it’s good.

Just saying you won’t even notice it.


8 posted on 03/31/2012 7:52:00 AM PDT by Larry Lucido
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To: Clara Lou
"Great— compromised for over a month, from 1/21/12 to 2/25/12. Nice work."

Can't wait for that "Cashless Society" all the Socialists keep nattering about...

9 posted on 03/31/2012 7:53:02 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: RightOnline

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


10 posted on 03/31/2012 8:03:46 AM PDT by carriage_hill (I'll "vote for an orange juice can", over Barry 0bummer and another 4yrs of his Regime From Hell!)
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To: Clara Lou
I wonder if that is why I was never billed for my last credit card purchase?

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.

11 posted on 03/31/2012 8:11:27 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: carriage_hill

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.


12 posted on 03/31/2012 8:12:02 AM PDT by Oatka (This is America. Assimilate or evaporate.)
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To: Mad Dawgg

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.


13 posted on 03/31/2012 8:12:51 AM PDT by BuffaloJack (End Obama's War On Freedom.)
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To: RightOnline

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.


14 posted on 03/31/2012 8:16:00 AM PDT by Clara Lou (ABO! Go Newt!)
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To: Beagle8U

Wow. Lucky you, I guess.


15 posted on 03/31/2012 8:17:42 AM PDT by Clara Lou (ABO! Go Newt!)
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To: BuffaloJack

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.


16 posted on 03/31/2012 8:20:47 AM PDT by Clara Lou (ABO! Go Newt!)
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To: BuffaloJack

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.


17 posted on 03/31/2012 8:29:32 AM PDT by rolling_stone
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To: Clara Lou
"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."

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.

18 posted on 03/31/2012 8:38:27 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg

We are under attack by the chinese, russia, and our government..


19 posted on 03/31/2012 8:38:48 AM PDT by aces
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To: Oatka

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.


20 posted on 03/31/2012 8:39:02 AM PDT by carriage_hill (I'll "vote for an orange juice can", over Barry 0bummer and another 4yrs of his Regime From Hell!)
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