subject: forty Million Credit Card Numbers Stolen - CardSystem Solutions Incompetence [print this page] Mastercard Credit Cards Mastercard Credit Cards
CardSystems Options moronic safety efforts have resulted in the potential theft of information for 40 million credit cards. Hackers were able to install a rogue plan, probably a Trojan, in the CardSystems safety network. This program captured credit card information including the cardholder's name, account quantity and verification code.
Prior to this incident, it processed approximately $15 billion dollars in credit card transactions each year. Little businesses were the primary users of the system.
It has become apparent CardSystems Options ought to be charged with gross negligence. The business failed to comply with MasterCard security regulations and failed to destroy the info of cardholders after prescribed time periods.
This is the equivalent of your bank sending monthly account statements will all the info printed on the outside of the envelope. It is merely inexcusable and has led to potentially the biggest theft of financial information in history.
Which Credit Cards?
The incompetence of CardSystems Solutions will have an impact on every main credit card group. As several as 4 million American Express and Discover accounts were also put on the sacrificial altar by CardSystems.
What You Should Do
You should review all costs on credit card statements over the next 12 months. Contrary to popular belief, hackers typically will not go out and charge up thousands of dollars on the card. Instead, you ought to look for small charges of $10 to $20 from businesses with bland names. Hackers know that many individuals will not call to reverse a little charge. Don't be lazy! Closely inspect your statement and contest any costs that aren't familiar.
Frankly, it should be liquidated. There is little doubt the major credit card companies will take action.
