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:Dear KDAWSON

[Locke2005]

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

This isn't the Visa you're looking for

[mc1138]

Move along, move along

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.

They should be forced to reveal the company

[scamper_22]

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.

Re:visa

[Beardo the Bearded]

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."