Free Republic

More details emerged on Monday about the cyber break-in at a payment processing company that exposed more than 40 million credit card accounts to fraud. The data security breach, possibly the largest to date, happened because intruders were able to exploit software security vulnerabilities to install a rogue program on the network of CardSystems Solutions, a MasterCard International spokeswoman said. The program captured credit card data, she said. The malicious code was discovered after a probe into the security of CardSystems' network. That investigation, by security experts from Cybertrust, was triggered by a MasterCard inquiry into atypical reports of...

NEW YORK - A security breach of customer information at a credit card-processing company could expose to fraud up to 40 million cardholders of multiple brands, MasterCard International Inc. said Friday. The credit card giant said its security division detected multiple instances of fraud that tracked back to CardSystems Solutions Inc. of Tucson, Ariz., which processes transactions for banks and merchants. MasterCard said in a news release late Friday afternoon that it was notifying its card-issuing banks of the problem. CardSystems was hit by a computer virus that captured customer data for the purpose of fraud, said company spokeswoman Sharon...