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CardSystems Solutions security breach endangers 40 million credit cards


On Friday, June 17th MasterCard International

announced that CardSystems Solutions, a Tuscon-based possessor of payment card

information, suffered a security breach that potentially exposed information on

more than 40 million credit cards. MasterCard-branded cards make up approximately

13.9 million of the affected cards. According to multiple news reports, CardSystems

Solutions detected the breach on May 22 and notified the FBI the following day.

Authorities believe the exposed information includes account-holder names, bank

names, and credit card numbers. Criminals could use this information for credit

card fraud, but not for identity theft. Multiple news agencies are covering

this story, including: CNET's News.com, CBS News, Fox News, CNN, ABC News, and

MSNBC--many news agencies are using the original AP report.

About

Bill Detwiler is Managing Editor of TechRepublic and Tech Pro Research and the host of Cracking Open, CNET and TechRepublic's popular online show. Prior to joining TechRepublic in 2000, Bill was an IT manager, database administrator, and desktop supp...

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