Is it just me, or have these folks missed the point? From The Tehran Times: A computer specialist, who used to work for a PSP (payment service provider) company which offers a number of Iranian banks services for accepting electronic payments, has hacked accounts of three million bank customers to show the vulnerability of the…
Category: Financial Sector
Global Payments confirms data breach (Update 2)
After being named by the Wall Street Journal earlier today, Global Payments Inc. has issued a press release about the breach reported earlier today by Brian Krebs: Global Payments Inc, a leader in payment processing services, announced it identified and self-reported unauthorized access into a portion of its processing system. In early March 2012, the…
Sources: Global Payments breached – Wall Street Journal
Robin Sidel and Andrew R. Johnson report: Global Payments Inc., which processes credit cards and debit cards for banks and merchants, has been hit by a security breach that has put some 50,000 cardholders at risk, according to people with knowledge of the situation. Read more on the Wall Street Journal. Global Payments has not…
Visa statement on payment processor breach
As Brian Krebs made us all aware earlier today, Visa and MasterCard have been notifying financial institutions about a payment processor breach that may affect millions of people. For those who are relatively new to these things, this is not a breach at Visa or MasterCard. It appears to be a breach at an as…
MasterCard, VISA Warn of Processor Breach
Brian Krebs reports: VISA and MasterCard are alerting banks across the country about a recent major breach at a U.S.-based credit card processor. Sources in the financial sector are calling the breach “massive,” and say it may involve more than 10 million compromised card numbers. Read more on KrebsonSecurity. As always, Brian is all over…
Armenian Power Member and Three Armenian Power Associates Convicted in Los Angeles for Roles in Identity Theft Ring
After a five week trial, four defendants have been convicted for their roles in one of the largest bank fraud and identity theft schemes in California history, with dozens of victims in four states and millions of dollars in losses. The convictions were announced by Assistant Attorney General Lanny A. Breuer of the Justice Department’s…