Posted on 06/30/2005 8:06:33 PM PDT by Dallas59
News Release
Contact:
Sharon Gamsin MasterCard International +1-914-249-5622
MasterCard Statement on Data Breach Lawsuit Filed in California
Purchase, NY, June 29, 2005 - With respect to MasterCard, the lawsuit filed in California on behalf of cardholders and merchants who claim to have been potentially affected by the data breach at CardSystems Solutions, is without merit. The complaint fails to state an adequate claim against MasterCard, which publicly disclosed this situation as soon as we had verified the accounts for which data had been improperly stored in violation of our rules.
Moreover, facts already in the public domain make apparent that MasterCard acted expediently to identify the situation, rectify the vulnerabilities in the system, and immediately upon verifying the potentially vulnerable accounts, notify the proper parties in order to protect cardholders.
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