Seems there has been a massive breach of security at a Credit Card processing firm in the US. They don’t know how long they have been compromised – could be months or years. As they process 100 million transactions per month that is one hell of a lot of credit card numbers the thieves probably got! With the incredible amount of data that is processed electronically every day world wide it is amazing that we don’t hear more about these things. I think the truth is that the big corporations make so much money on some of these systems they just treat these problems as minor and pay up . The cost of keeping systems really secure is just to high – cheaper to pay out when/if it breaks.
Won’t effect us here in Oz but I bet a few US banks and consumers aren’t having a great day
See the Washington Post article for full details
