credit card processor Global Payments was hit by a security breach involving about 50,000 Visa and MasterCard cardholders risk , according to a report by the Wall Street Journal today. Visa and MasterCard began warning banks of the breach last week, and the estimated timing violation is between 21 January 2012 and 25 February 2012. The specific details that cardholders were affected and exactly how are at risk are not released.
Visa and Mastercard information of the cardholder at risk due to security breaches
Global Payments is a third-party processor of credit cards, debit and gift cards. As a merchant processor they process and confirm the authenticity of payment cards, giving them access to personal and confidential information like credit card numbers, names and addresses. A security breach of their system is serious because what information they store is a potential gold mine in the hands of identity thieves.
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