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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]
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.