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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."

11 of 38 comments (clear)

  1. Re:Dear KDAWSON by Locke2005 · · Score: 3, Funny

    No, it was a British comment, and they forgot the apostrophe -- it should have read "Buzz 'as been buildin', mate!"

    --
    I've abandoned my search for truth; now I'm just looking for some useful delusions.
  2. Re:Dear KDAWSON by Kawahee · · Score: 2, Funny

    Now I see!

    K: I take it all back

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    I'll subscribe to Slashdot when I see a month without a dupe, a typo, or an article the "editors" didn't read.
  3. This isn't the Visa you're looking for by mc1138 · · Score: 3, Funny

    Move along, move along

  4. Re:Dear KDAWSON by Anonymous Coward · · Score: 2, Funny

    You forget Slashdot is a subscription site - see? [slashdot.org]
    --
    I'll subscribe to Slashdot when I see a month without a dupe, a typo, or an article the "editors" didn't read.

    And you forget that your own sig says that you don't subscribe.

  5. Re:New, Old, who cares? by Anonymous Coward · · Score: 3, Informative

    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.

  6. They should be forced to reveal the company by scamper_22 · · Score: 3, Insightful

    My bank called me a few months bank and said I had to come in and change my card and password because it had been compromised. I had used my card as some store that had a malicious debit card scanner. I tried to press to find out which store it was, so I would not shop there again. They avoided answering that like the plague.

    I just hope we get this smart-chip cards soon so at least they cannot be copied. Bloody hell, here's something that could use some stimulus and regulation. Mandate the upgrade to these cards and give us the names. We need a name. Give us a name.

    So I know which company and store I will never shop at again.

  7. Re:New, Old, who cares? by jra · · Score: 2, Informative

    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.

  8. Re:visa by Beardo+the+Bearded · · Score: 3, Insightful

    Well, no.

    Let's say the card systems at 5 chains have been compromised along with 2 small stores. Visa announces:

    "There was a breach at Best Buy, Wal-Mart, Linens and Things, Sears, Gamestop, Beardo's Engineering Services, and Wonda's Chocolate Factory."

    Which businesses will survive an announcement like that? "Holy crap," think the public, "I can't buy anything from Beardo or Wonda, but I'm sure those big chains have fixed the problem."

    --

    ---
    ECHELON is a government program to find words like bomb, jihad, plutonium, assassinate, and anarchy.
  9. translation by speedtux · · Score: 2, Interesting

    What they seem to be saying in so many words is: "There have been so many data breaches that we have lost track of which ones we have already told you about."

  10. Re:Dear KDAWSON by Kawahee · · Score: 2, Informative

    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?

    --
    I'll subscribe to Slashdot when I see a month without a dupe, a typo, or an article the "editors" didn't read.
  11. Re:when vista is not telling turth by Jurily · · Score: 2, Funny

    getting modded 0, Funny: priceless.