Company Behind Biggest Data Leak Ever To Disappear

from the don't-let-the-door-hit-you-on-the-way-out dept

Credit-card processor CardSystems, which lost the data of 40 million credit cards to a hacker -- data it wasn't even supposed to have -- is being bought out. The purchaser acknowleges that because of the security breach, CardSystems won't be allowed to process some credit card transactions after October 31, but is trying to come to an arrangement to keep service going. Can't say we're too sympathetic to their cause, and there are 40 million cardholders that probably have similar feelings.

Reader Comments (rss)

(Flattened / Threaded)

  1. identicon
    jdw242, Sep 23rd, 2005 @ 1:29pm

    ...nothing better to do but post...

    so, they got the f* off the hook having information they weren't supposed to have?

    Someone tell me how the F* that works?? Please!

    reply to this | link to this | view in thread ]

  2. identicon
    Digitalus, Sep 24th, 2005 @ 10:10am

    Getting Out of Hand

    This is amazing.
    These guys should be in court getting ready to have their business shut down, paying fines, etc.
    Instead, they are getting ready to make even more money, and probably mistakes, for being very irresponsible with data they weren't even supposed to have.
    There should be some legal action here, yet, there's none.
    This whole thing leaves you with a very bad feeling, as most tech savvy internet users purchase online. With our card numbers floating around the internet in some hacker's hands, it makes you want to see to it that companies like this are never able to do any kind of technology business ever again.

    reply to this | link to this | view in thread ]

  3. identicon
    Anonymous Coward, Sep 24th, 2005 @ 11:15am

    The Shell Game

    Why do I suspect the old 'shell game' here? Where in reality they are buying themselves at some level simply to be able to say "We are a new and different company, so let us make those credit card transactions"

    reply to this | link to this | view in thread ]

  4. identicon
    RJ, Sep 24th, 2005 @ 9:17pm

    No Subject Given

    It looks like Cybersource is going to be the one to buy it out. Cybersource is a Mountain View that specializes in handling onine transactions.

    reply to this | link to this | view in thread ]

  5. identicon
    Stoned4Life, Oct 28th, 2005 @ 12:13pm

    Re: ...nothing better to do but post...

    If that was my credit card in that bunch, I'd sue for 10x the value of any platinum card out there. There is simply no excuse.

    reply to this | link to this | view in thread ]

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