Hackers Tap 40 Million Credit Cards In the largest reported security breach of personal financial information

Hackers Tap 40 Million
Credit Cards

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The network is breached at a firm that handles merchant transactions. Nearly 70,000 bogus charges are seen. Credit scores may be at risk.

June 18, 2005

In the largest reported security breach of personal financial information, hackers infiltrated the computers at a Tucson credit card processing center and stole as many as 40 million card numbers, it was disclosed Friday.

MasterCard International said card numbers and expiration dates were harvested by a rogue program planted inside the computer network at CardSystems Inc., one of the firms that process merchant requests for credit card authorization. When a retailer swipes a customer's card, the information goes to companies such as CardSystems for approval before getting passed along to banks.

At least 68,000 accounts have had fraudulent charges posted to them, said MasterCard Vice President Linda Locke. Most credit card companies reverse bogus charges that are reported to them. Social Security numbers and other personal information were not taken.

The attack exposed the numbers of 13.9 million MasterCards and an unknown number of other brands of cards. Atlanta-based CardSystems processes $15 billion in charges annually for MasterCard, Visa USA, American Express, Discover and other cards. Visa did not return a call seeking comment.

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Last Modified: 01 September, 2007 Copyright © 2006 by Broadband Times