Lost Credit Data Improperly Kept, Company Admits

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."

Comments

My bad

[Anonymous Coward]

Sorry. Won't happen again (I hope). -- The Management

Re:Full text of the article

[up2ng]

"The standards themselves are very effectively written," said Tom Arnold, a partner at Payment Software Company, a consulting firm in San Francisco that advises and provides security assessments for merchants and processors. "The challenge in the industry can be when people don't fully comply or try to cut corners."

Tom Arnold !! No wonder. He needs to find another Roseanne Barr quick before he's homeless !