Security breach could expose 40M to fraud (40 million credit cards captured by computer virus)

Associated Press | June 18, 2005 | JOE BEL BRUNO

[tubebender]

Will PayPal be next...

[theDentist]

Name an OS that has no vulnerabilities or weaknesses.

[rolling_stone]

Well I hope everyone takes this series, I had a MC fraudulently maxed out a couple of days ago..fortunately my bank called to verify the purchases and I don't think they authorized them..cancelled and reissued card...apparently they used the number without the card or made a false card as I still had mine..

[Thud]

That's my suspicion too.

[null and void]

Who better to protect us? He knows *ALL* the tricks...

[RegulatorCountry]

"Name an OS that has no vulnerabilities or weaknesses."

Name one that even comes close to MS, in sheer number of vulnerabilities or weaknesses.

[RegulatorCountry]

"Will PayPal be next..."

A business associate of mine had a checking account wiped out, and, according to him, the earliest sign of what was to come was a fraudulent account set up on PayPal, which was used to verify funds. Not to steal the money in the account, mind you. There were checks cashed all over the country, Delaware, Ohio, California. Organized ring.

[HAL9000]

Not Gates' fault. Fault is with those who wrote the virus for illegal purposes in the first place.

The thief deserves most of the blame, but the idiot who left the door open deserves some too. Bill Gates should be keelhauled for his lousy OS designs.

[theDentist]

In other words, you can't.

[RegulatorCountry]

"In other words, you can't."

Fair enough. It's also fair to say that you can't name an OS that even comes close to MS, in sheer number of vulnerabilities and weaknesses, isn't it?

[Mr Cobol]

AnytimeI see 'series' in a post I skip it. It and 'hugh' quit being funny long ago. No attack on you but when there is a serious post we should treat it as such.

[HAL9000]

That's no virus, and HAL may need to revise his keywords. Again. ;)

The Wall Street Journal is also reporting that CardSystems was hit by a computer virus -

http://online.wsj.com/article/0,,SB111904046233462938,00.html?mod=home_whats_news_us

[Lessismore]

Laurel and Linda probably are busy too, right now. Amazing that they don't have anything about this on their web site.

http://www.cardsystems.com/executives.html#lwadlund


LINDA P. FORD
SENIOR VICE PRESIDENT, LEGAL COUNSEL

Linda P. Ford currently serves as Senior Vice President, Legal Counsel for CardSystems. Linda has more than 17 years industry experience in the area of risk management, contract administration, acquisition legal and risk due diligence, collections, compliance and human resources.

Prior to joining CardSystems, Linda served as Vice President and legal counsel for Financial Alliance, a leading independent sales organization acquired by NPC and has held positions with Brown-Forman Enterprises and Citizen's Fidelity Bank & Trust (now PNC KY). She has also served as legal counsel for a number of well-known industry organizations and developed and taught industry training classes for industry associations.

LAUREL E. WADLUND
SENIOR VICE PRESIDENT, CHIEF TECHNOLOGY OFFICER

Laurel Wadlund currently serves as the Chief Technology Officer at CardSystems. With over 10 years experience in the payment processing industry, Laurel heads the design, development, and implementation of CardSystems' products and applications. This includes development of back office management, fraud, chargebacks and reporting solutions.

Prior to joining CardSystems, Laurel focused on business analysis and design at Paymentech. In addition, she has extensive software development experience in transaction management services. This includes medical, financial, and government related enterprises. Laurel is well versed in the current methodologies of product management, from product requirements to the technical design and implementation of high-tech projects.

[general_re]

MSM doesn't know the difference between a virus, trojan, and the common cold.

[RegulatorCountry]

"AnytimeI see 'series' in a post I skip it. It and 'hugh' quit being funny long ago."

Oh, stop it... it's sort of an in-group slang by now, kind of a Freeper patois. I don't use it either, but what's the harm, other than having to look twice to understand whether they actually meant series or serious, or, even worse, unintentionally writing "hugh" for huge?

[familyop]

"Name an OS that has no vulnerabilities or weaknesses."

It would be more relevant to name one that has far fewer vulnerabilities: BSD, for example (more secure than even Linux by far). And it's a good system for the free market (good for capitalism--see BSD license) work. There is now a certifying group and process for BSD admins.

The BSD Certification Group
http://www.bsdcertification.org/

[HAL9000]

The CardSystems CEO is now complaining "We were absolutely blindsided by a press release by the association" and refusing to answer any questions.

[mysterio]

Some of these credit card companies need to get nailed for loan sharking. If your bill gets there late, they jack the rate to 29%. They give lower income people an $8,000 credit line at 29%? Give me a break.

Oh, and they need to protect personal information. They sure don't cut their customers any slack. They shouldn't get any, either.

[HAL9000]

From netcraft.com -

http://www.cardsystems.com was running Microsoft-IIS on Windows 2000 when last queried at 17-Jun-2005 22:08:42 GMT

[RegulatorCountry]

"Oh, and they need to protect personal information. They sure don't cut their customers any slack. They shouldn't get any, either."

I was told, while working for a good-sized mail order catalog business years ago, that if I had any clue just how much fraud was built into the system, in the credit card industry, that I'd probably cut them all up and throw them away. This was pre-9/11, and even then, a large amount of the fraudulent transactions were suspected to be tied to terrorist groups. Used to get bulletins all the time, from the FBI, to this effect.