MasterCard, Visa warn of potential data breach
Visa also allegedly affected
The Associated Press
Posted: Mar 30, 2012 12:31 PM ET
Last Updated: Mar 30, 2012 6:45 PM ET
Related
Related Stories
External Links
(Note:CBC does not endorse and is not responsible for the content of external links.)
MasterCard wouldn't say how many cardholders, banks or issuing companies are affected. (Mark Lennihan/Associated Press)MasterCard and Visa said Friday that they had notified issuers of its credit cards of a potential breach of the security of customer accounts. Visa blamed a third company for the error.
Trading of the stock of Global Payments Inc., which processes credit card transactions, was halted after published reports said it was responsible. The stock fell nine percent for the day before trading was stopped.
Global Payments did not respond to requests for comment, and Visa would not name the company it believed was to blame. Neither Visa nor MasterCard would say how many customers were affected.
Credit card companies generally protect customers against fraudulent transactions, and Visa said specifically Friday that its U.S. customers were not at risk. Both Visa and MasterCard said their own systems had not been compromised.
Last June, hackers stole information for 360,000 credit card accounts at Citigroup. In the past year, there have been high-profile data attacks against the International Monetary Fund, National Public Radio, Google and Sony's PlayStation Network.
Share Tools
Top News Headlines
- NDP wants RCMP inquiry into $90K payment to Duffy
- The NDP has asked the RCMP to launch an investigation into the $90,000 payment from the prime minister's former top aide, Nigel Wright, to Senator Mike Duffy in relation to the Senate expense scandal. more »
- Will alleged Rob Ford video overshadow Toronto casino debate?
- A debate about a proposed downtown casino is supposed to take centre stage at Toronto City Hall on Tuesday, but it seems a safe bet that a still-unseen video of Mayor Rob Ford will continue to be a topic of conversation. more »
- Canadian on EI shut out amid foreign worker influx
- A jobless Canadian IT professional who is collecting employment insurance is upset because he now suspects several recent jobs he applied for went to temporary foreign workers. more »
- Baseball fuels dreams, desperation in Dominican Republic
- The Toronto Blue Jays have a number of stars from the Dominican Republic, but in the shadow of these successful players is an equally important story about hope and poverty, and a country desperately struggling to balance the two. more »
Must Watch
Latest Business Headlines
- Russell 2000 small-company index surpasses 1,000
- The Russell 2000, an index of small-company stocks, rose above 1,000 for the first time. The index is outpacing the Dow Jones industrial average and the Standard & Poor's 500 index this year. more »
- Yahoo buys Tumblr blogging site for $1.1B
- Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an internet icon that had fallen behind the times. more »
- Xbox launch Tuesday highly anticipated
- Microsoft's next-generation Xbox expected to be revealed Tuesday, and anticipation for the entertainment console's latest evolution is running high. more »
- Wealth management key for banks amid slow growth in retail
- As Canada's biggest banks prepare to report their second-quarter results, analysts say those that rely more heavily on wealth management and global markets will fare better amid slowing growth in Canadian retail banking. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12613.05 | 105.45 |
| DOW | 15335.28 | -19.12 |
| NASDAQ | 3496.43 | -2.54 |
| SP 500 | 1666.29 | -1.18 |
| TSX-VENTURE | 934.68 | 1.82 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
- 51 dead after tornado levels Oklahoma suburbs
- Edmonton driver, 62, charged in boy's patio death
- Unknown remains found on Dellen Millard's farm
- Huge tornado hits Oklahoma City suburb, kills 51
- Will alleged Rob Ford video overshadow Toronto casino debate?
- Netflix and the rise of binge TV watching
- B.C. man feared kidnapped in Mexico
- Ray Manzarek of The Doors dies at 74
- Canadian on EI shut out amid foreign worker influx

