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Lost Credit Data Improperly Kept, Company Admits

Posted by timothy on from the just-researching-your-privacy-loss-tolerance dept.

Zak3056 writes "Last week, Mastercard announced that up to 40,000,000 credit card numbers may have been compromised by one of their processing companies. Today, the New York Times (registration, along with first born child, required) is reporting that the company in question, CardSystems Solutions, should not have been retaining that data to begin with. John M. Perry, CEO of the processor in question, claims the data was merely being kept for 'research purposes.' The number of compromised Master Card accounts has been revised downward to about 68,000, with another 132,000 possibly compromised accounts belonging to Visa, American Express, and other companies."

4 of 272 comments (clear)

  1. No Reg Link by OverlordQ · · Score: 4, Informative

    I'm sure it's been mentioned every time a NYT article is posted, but use the NYT Link Generator .

    Btw, NoReg for this article.

    --
    Your hair look like poop, Bob! - Wanker.
  2. Credit Card Doublespeak by Qzukk · · Score: 5, Informative
    "The number of compromised Master Card accounts has been revised downward to about 68,000, with another 132,000 possibly compromised accounts belonging to Visa, American Express, and other companies."
    Should be read as
    "The number of compromised Master Card accounts from accountholders in California where we actually have to report this is about 68,000. Another 132,000 people in California with Visa, American Express, and other credit card companies' cards also had their account information taken"
    --
    If I have been able to see further than others, it is because I bought a pair of binoculars.
  3. Ad Free Link by ravenspear · · Score: 4, Informative

    Here is the reg free and "fricken huge flash ad skip" link.

  4. NYT ?? What gives by Rac3r5 · · Score: 5, Informative

    I don't wanna be a troll here, but please, there are a dozen other sites that have the same article. Do we have to rely on a site that requires u to log in?
    http://www.internetnews.com/security/article.php/3 513866/