BREAK' NEWS: MILLIONS OF cc stolen!

Discussion in 'Credit Talk' started by allen074, Feb 17, 2003.

  1. allen074

    allen074 Well-Known Member

    it was just on wolf blitzer... someone stole millions of cc#'s
     
  2. GEORGE

    GEORGE Well-Known Member

    From a credit card company or a business that uses credit cards???
     
  3. ryder

    ryder Well-Known Member

    Actually, they get stolen all of the time. There's even a black market in Russia where hackers sell credit card numbers and other confidential personal info that they steal over the Internet. The media only reports the really big incidents.

    Read This:

    http://www.domainmart.com/news/NYT_Credit-card-theft-thrives.htm
     
  4. Buckets

    Buckets Well-Known Member

    And yet incidents involving credit card theft and fraud via the Internet are still far less than the sum total of those incidents that occur on the streets of this country the old fashioned way.

    Buckets
     
  5. BKinUT

    BKinUT Member

    I didn't have the sound on, but the "ticker tape" news alert on CNN today said that 2.2 million CC numbers were stolen from within a facility that processes the credit card transactions. Maybe an inside job? Maybe just the tip of the iceberg?
     
  6. picantel

    picantel Well-Known Member

    I cannot find anymore info on this. Do you know what companies were affected?
     
  7. breeze

    breeze Well-Known Member

    Somebody hacked a processing center.
     
  8. PsychDoc

    PsychDoc Well-Known Member

  9. radi8

    radi8 Well-Known Member

    From CNN.com:


    Hacker accesses 2.2 million credit cards
    Visa: No accounts have been used fraudulently
    From Fred Katayama
    CNNfn
    Tuesday, February 18, 2003 Posted: 1:16 AM EST (0616 GMT)


    NEW YORK (CNN) -- A hacker has gained access to as many as 2.2 million Visa and MasterCard accounts, the two companies announced Monday.

    The hacker breached the security system of a company that processes credit card transactions on behalf of merchants, Visa and MasterCard said.

    None of the Visa accounts has been used fraudulently, Visa spokesman John Abrams said.

    The affected accounts make up about one-third of 1 percent of the 560 million MasterCard and Visa cards in the United States. Spokesmen for the two companies said they have notified the banks that issued the affected cards.

    Both card companies have zero-liability policies, which protect cardholders from being held responsible for unauthorized or fraudulent charges.

    MasterCard and Visa would not disclose how many banks they had notified, nor would they say whether the hack was a regional or national problem.

    Citizens Bank, a financial institution serving the Northeast, shut down the accounts of 8,800 customers whose card numbers had been accessed after being notified by MasterCard on Friday, bank spokeswoman Pamela Crawley said. All of those accounts were safe, she said.

    CNN called several leading card issuers, but only one, First USA Bank, returned calls for comment. Thomas Kelly, a spokesman for its parent, BankOne, said FirstUSA's cards were not affected and that the bank was not aware of any security problems affecting its customers.

    MasterCard said it is working with authorities, including the FBI, to help identify the culprit.
     

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