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MasterCard International reported today that it is notifying its member financial institutions of a breach of payment card data, which potentially exposed more than 40 million cards of all brands to fraud, of which approximately 13.9 million are MasterCard-branded cards.
MasterCard International's team of security experts identified that the breach occurred at Tucson-based CardSystems Solutions, Inc., a third-party processor of payment card data.
Press Release Here [biz.yahoo.com]
This time, at least, no SSNs, names, addresses were stolen, just the card number, so less identiy theft will result.
No way. Names, cardnumbers and expiration dates have been stolen. Perfect for online fraud orders.
A big hand to the credit card organizations! Making up thousands of annoying rules to be 'in compliance' for online merchants and now they are able to say to their customers: Oh, it has been stolen? You can do a chargeback if you want.