TELECOM Digest OnLine - Sorted: Security Breach Could Expose _40 Million Users_ to Fraud

Security Breach Could Expose _40 Million Users_ to Fraud

Monty Solomon (monty@roscom.com)
Fri, 17 Jun 2005 18:53:39 -0400

The worst phishing/hacking case ever to date!

By JOE BEL BRUNO Associated Press Writer

NEW YORK (AP) -- A security breach of customer information at a credit
card-processing company could expose to fraud up to 40 million
cardholders of multiple brands, MasterCard International Inc. said
Friday.

The credit card giant said its security division detected multiple
instances of fraud that tracked back to CardSystems Solutions Inc. of
Tucson, Ariz., which processes transactions for banks and merchants.

MasterCard said in a news release late Friday afternoon that it was
notifying its card-issuing banks of the problem.

CardSystems was hit by a computer virus that captured customer data
for the purpose of fraud, said company spokeswoman Sharon Gamsin. The
FBI was investigating.

- http://finance.lycos.com/home/news/story.asp?story=49937208

[TELECOM Digest Editor's Note: I asked Lisa Minter to scan our news
wires for a full report on this, the largest phishing/hacking fraud
to date anywhere ... 40 million credit card users. Her report appears
elsewhere in this issue. PAT]

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