Scams

by Mike Masnick


Filed Under:
credit cards, data breach

Companies:
mastercard, visa



Escaped The Largest Credit Card Data Breach Ever? Well, Here's Another One...

from the just-assume-someone-else-has-your-cc-info dept

Remember last month when a credit card payment processor was forced to admit a security breach that could impact 100 million people? Well, if you were lucky enough not to get caught up in that breach, there's apparently another one to worry about. Visa and Mastercard are issuing a new warning over a different payment processor whose system was apparently compromised as well. At this rate, it's getting silly to have static credit card numbers, since it seems like we're replacing our cards every few months anyway.

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  1. identicon
    TJ, 25 Feb 2009 @ 8:45pm

    A benefit to disposable numbers

    Since this case only involves card-not-present transactions like Internet sales, it looks like using disposable numbers can give me peace of mind on this one. Am using Bank of America's ShopSafe that issues unique numbers through a Flash applet, but there are other solutions too. It is a shame that I now have to be more worried about using the cc at a restaurant or gas station, and having been through trying to get false charges reversed with another bank it is something that concerns me.

    Something like chip-and-pin in the UK would be a step forward, but apparently that system sadly wasn't designed to be as resistent to direct hardware tampering as it could/should have been. It would be so nice for a change to see a mass-market security system rolled out where white-hats were given a chance to find obvious weaknesses before millions of people were using the thing.

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