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1.5 Million Credit Card Numbers At Risk From Hack


A data breach at a payments processing firm has potentially compromised up to 1.5 million credit and debit card numbers from all of the major card brands.

Global Payments, a company that processes card transactions, confirmed late Friday that “card data may have been accessed.” The company said it discovered the intrusion in early March and “promptly” notified others in the industry.

Global Payments released a statement late Sunday with more details, saying that while more than 1 million card numbers may have been compromised, cardholder names, addresses and Social Security numbers were not affected.

That’s a sizeable breach, but it’s far less than the worst-case-scenario numbers flying around on Friday — and it affects just a small fraction of the estimated 1 billion debit and credit cards in circulation in the U.S.

Global Payments did not say which card companies were affected, but Visa released a statement on Friday saying that it was all of the big players.

That’s because Global Payments is one link in the long chain involved in card transactions. When a customer swipes a credit card, the data is sent to a payment processor like Global Payments, which coordinates the steps involved in authorizing the charge and submitting the transaction details to card networks like Visa and MasterCard.

MasterCard says it has alerted payment card issuers “regarding certain MasterCard accounts that are potentially at risk.” Discover and American Express say they are monitoring the situation.

Late Sunday, Visa spokeswoman Sandra Chu confirmed to CNN that Visa had removed Global Payments from its list of preferred credit-card processors. Global Payments can still process transactions, but it will have to pay higher fees to do so.

Global Payments held a conference call Monday morning to provide more details on the debacle. Executives stressed that an investigation is ongoing. Until that is complete, they’re holding off on going into specifics on how the hack happened.

Still, Global Payments said the breach was limited to only “a handful of servers,” and it appears to be confined to accounts in North America. The company’s CEO, Paul Garcia, said it was working with its customers closely to contain the damage.

READ MORE: CNN MONEY



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