New ID leak from Global Payments
More fallout from hack attack
Credit and debit card processor Global Payments has warned that additional confidential information on its servers may have been compromised in the hacking attack earlier this year that saw around 1.5 million credit card details snatched.
In a press call, company CEO Paul Garcia said that subsequent investigations internally and by federal authorities into that attack have shown that confidential information submitted by small merchant customers may have been compromised, although it wasn't clear if the attackers had scanned it.
"What we initially announced did impact less than 1.5 million cards that we believed were taken by the bad guys for nefarious purposes," Garcia said. "This is something very different. We uncovered that the bad guys may have had access."
Garcia declined to give details on the nature of the information or the numbers of customers effected, but said that each would get $1m in identity fraud insurance paid for by the company. Credit agencies have also been informed and those at risk would be contacted. So far there was only "anecdotal" evidence of fraud on the stolen credit cards and none on the new leak, he said.
In an effort to woo back lost customers like Visa, Global Payments has drafted in an independent consultant to examine its security and data handling procedures. Some payment companies have pulled Global Payments from their data security standard (PCI DSS) list and Garcia said that his staff would then make any changes suggested in the consultant's report and reapply for certification.
Despite the loss of revenue stemming from the attack, Garcia said that the company was sticking with its current financial forecasts for the year and expects this to be a one-time cost to the balance sheet. ®
This is in 'earlier stories' and it has only 5 posts.
Last week with a similar story I responded with a wet joke to the effect that I was bored with these reports and I received a few down-votes.
I've just come to this report and it's in 'earlier stories' with only 5 posts. Seems to me if people are not bored with the reports then they've come to accept the inevitability security vulnerabilities.
I think you might find Global Payments was a customer of Visa, not the other way around...
IF you can find someone who was hacked and has correctly rectified the problem I think that would be the best option. Problem is in the correctly rectified bit, and knowing it. I don't trust the 'haven't publicized that they've been hacked' list is equal to the 'haven't been hacked yet list.' I knew a guy who wound up with a compromised bank account. As near as he was able to figure, it was hacked from the bank side. Spent about six months with the bank trying to "fix the problem" before they finally issued him a new account and debit card. Full value for everything and no reports to the police because they didn't want to get a bad rep. Moderately well known local chain on our side of the pond. Yeah, it was pre- Disclosure laws, but given what they were willing to do then, I'm not sure I trust them to follow it now.
So you're probably stuck picking one from the 'haven't publicized that they were hacked list' anyway.