Security Breach Exposes 40M Credit Cards

The Good Reverend writes "MasterCard International announced today that a security breach at CardSystems Solutions, a third party processor of payment card data, potentially exposed more than 40 million cards. Mastercard is aware of the specific card numbers affected, and is giving its member financial institutions the numbers that may have been compromised. Unlike many of the past high profile cases this one involves a hacker rather than lost packages. CNN Money, the New York Times, Reuters, MSNBC, ZDNet, C|Net, and the Washington Post are also covering the story."

Comments

This is simply the price of outsourcing.

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See in the banking industry we run these "penetration scans" all the time, that are TOTALY WORTHLESS. I cannot emphasize this enough, that running the weakest setup possbile will pass their "tests" with flying colours. The people doing these tests (Some certified security specialists!) Think that firewalls are magical devices that know how to stop the pesky hackers. Bottom line is that people are involved, they are out of their element, and simply placeholders. Management in general needs to get out of this "placerholder" mentality when it comes to jobs, and just fire people that are not doing their jobs.

Ok enough ranting, but trust me, in the late 90s banks were trying to outsource as many things as possible from customer service, to invoicing, bills, credit collections, applications and so on. As you can see when the "Credit card company" becomes nothing more than a brand, and a board of execs, everything is out of their control, not to mention every peice of the old credit empire is open for attack.....

If anything the question is why did it take so long to find them?!