“The breach occurred at Global Payments, an Atlanta company that helps Visa and MasterCard process transactions for merchants. One bank executive estimated that about one million to three million accounts could be affected. That does not mean that all those cards were used fraudulently, but that credit card information on the cardholders was exposed,” according to The New York Times.
Lax regulation of the payment processing industry is at least partly to blame. Read details at: http://www.nytimes.com/2012/03/31/business/mastercard-and-visa-look-into-possible-attack.html?_r=1&emc=eta1 Be alert for unauthorized use of your personal info; monitor your account online.
Learn more about ID theft prevention at April 11 Financial Planning for Women.
ID theft potential escalates with Visa & Mastercard data breach
Reviewed by jembe
Published :
Rating : 4.5
Published :
Rating : 4.5