jump to navigation

2012 – Another “Massive” Credit Card Breach March 30, 2012

Posted by Chris Mark in Industry News, InfoSec & Privacy.
Tags: , , , , , , ,
trackback

According to Krebsonsecurity, the payment card industry has been wracked by yet another massive data breach.  The story says that Visa and MasterCard are alerting companies to a US processor that was breached.  This, according to reports, is a breach of Track1 and Track2 data.  For those unfamiliar with credit cards, track1 and track 2 data is what is known as “magnetic stripe data” and is used to counterfeit cards as it contains the sensitive authentication data necessary for retail (card present) transactions.  This is the most dangerous and valuable data to criminals.

As stated on the site: “In separate non-public alerts sent late last week, VISA and MasterCard began warning banks about specific cards that may have been compromised. The card associations stated that the breached credit card processor was compromised between Jan. 21, 2012 and Feb. 25, 2012.”

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: