• Categories

  • Archives

    « Home

    Update: Global Payments Breach Affects 1.5 million Debit, Credit Users

    Last week, it was reported that Global Payments, which processes debit and credit card payments for Visa and Mastercard, had a security breach that could have affected millions of consumers. Now, USA Today reports that Global Payments says the data privacy of about 1.5 million debit and credit card users were affected by the security breach:

    Global Payments on Monday disclosed that hackers stole credit and debit card account information for fewer than 1.5 million consumers.

    Still, Visa has dropped the Atlanta-based card processor from its registry of providers that meet data security standards.

    Global Payments CEO Paul Garcia said in a press conference that the breach involved only a “handful” of the company’s North American servers. […]

    Security and law enforcement experts say the Global Payments caper could help explain account discrepancies that many consumers may have noticed over the past several weeks.

    Consumers can expect more fraudulent purchases and debit card withdrawals, and other scams spinning out of the notoriety of the breach. […]

    Consumers are limited to a $50 loss for card fraud, and most often lose nothing if the fraud is detected and reported quickly. A new card with a fresh account number is issued, and the losses are borne by the bank or merchant or both.

    Meanwhile, the Identity Theft Resource Center has fielded several reports from consumers who have received letters in plain envelopes with no letterhead asking recipients to call a toll-free number to verify account information. The person answering will attempt to dupe the caller into divulging account information, says ITRC adviser Kat Rocha.

    Leave a Reply