Visa Says No New Processor Breach After All

Buzz has been building for the last week about what might be a new data breach at a credit-card processor. No, not Heartland, a different one. Now Computerworld is reporting that Visa claims there was no new breach. Whom to believe? "In actuality, Visa said in a statement issued today, alerts that it recently sent to banks and credit unions warning them about a compromise at a payment processor were related to the ongoing investigation of a previously known breach. However, Visa still didn't disclose the identity of the breached company, nor did it say why it is continuing to keep the name under wraps."

Comments

Re:New, Old, who cares?

[Anonymous Coward]

Uh, you have to be batshit insane to even consider using a debit card in the first place. No matter what guarantees your bank has, if someone steals it then they are stealing money straight out of your bank account. This can tie up your money or worse... like cause checks or other payments to bounce (or be late) which can cause a ripple effect of charges and red tape. Not to mention that there are no laws protecting debit card users. Credit cards have a $50 maximum for fraudulent charges and that is law.

Nothing wrong with using a credit card and paying it off with every statement. Same thing as a debit card with much lower risk.

Re:New, Old, who cares?

[jra]

In point of fact, many debit card issuers now offer the same sort of guarantees -- Visa Check Card branded cards have a national ad campaign touting this specific fact.

Re:Dear KDAWSON

[Kawahee]

Slashdot advertises itself as a high quality technology news site. They ask for financial support in the form of subscriptions to be a high quality technology news site. The problem is the article kdawson posted was not high quality at all, and even though I don't pay for this service my argument is what incentive do I have to pay when shit like this comes through the "editorial" process?