Feeds

Crackers gain sight of up to 5m credit cards

Visa and Mastercard reassure punters they won't lose out

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Computer crackers have obtained details of up to five million US Visa and MasterCard accounts, the two firms admitted yesterday.

CNN reports that attackers gained the details after compromising systems that process credit card transactions. Technical details of how the attack was carried out are so far thin on the ground amidst conflicting reports on the scale of the problem.

CNN reports details of up to 2.2 million Visa and Mastercard accounts have been accessed, while Reuters reckons up to five million accounts have been viewed by crims.

Although none of the cards have been used fraudulently, at least according to Visa spokesman John Adams, banks have been alerted and a major withdrawal/recall program can be expected.

Fortunately both companies have zero-liability policies for their US customers. This means if the cards are used fraudulently, customers will not be liable for unauthorised charges.

It's unclear which card issuing banks are affected by the problem, though early reports suggest the problem is nationwide.

Citizens Bank, a financial services firm in Northeastern USA, closed the accounts of "8,800 customers whose [Mastercard] card numbers had been accessed". Bank spokeswoman Pamela Crawley told CNN that accounts were "safe" for the possibility of further misuse.

The FBI has been called in to investigate the case. ®

Related Stories

E-fraud costs retailers millions
Feds break massive identity fraud
Egghead credit card hack: serious questions remain

Internet Security Threat Report 2014

More from The Register

next story
FYI: OS X Yosemite's Spotlight tells Apple EVERYTHING you're looking for
It's on by default – didn't you read the small print?
Russian hackers exploit 'Sandworm' bug 'to spy on NATO, EU PCs'
Fix imminent from Microsoft for Vista, Server 2008, other stuff
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Microsoft pulls another dodgy patch
Redmond makes a hash of hashing add-on
'LulzSec leader Aush0k' found to be naughty boy not worthy of jail
15 months home detention leaves egg on feds' faces as they grab for more power
China is ALREADY spying on Apple iCloud users, claims watchdog
Attack harvests users' info at iPhone 6 launch
Carders punch holes through Staples
Investigation launched into East Coast stores
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.