Global Security Watch > A Matter of (Fading) Trust
[ robhyndman.com] Gist: As a result, nearly two months after the disclosure that a tiny payment processor, CardSystems Solutions, exposed the personal information of more than 40 million cardholders - and even though Visa subsequently banned CardSystems from connecting to its operation - the system remains as vulnerable as ever. Only now, with their brands at stake, have Visa, MasterCard and the other major card companies begun to focus on their consumers main interests - ensuring that personal information is secure at all times.
[The Canadian Privacy Law Blog] Court orders data on credit card heist to be saved: "A California court on Tuesday ordered CardSystems Solutions, Merrick Bank, Visa and MasterCard to preserve data related to the security breach at CardSystems, a payment processing company. Additionally, the Superior Court of the State of California in San Francisco set an Aug.
[Schneier.com] Schneier on Security: CardSystems Exposes 40 Million Identities: The New York Times reports that "data from roughly 200,000 accounts from MasterCard, Visa and other card issuers are known to have been stolen in the breach," although 40 million were vulnerable. The theft was an intentional malicious computer hacking activity: the first in all these recent personal-information breaches, I think.
[Robhyndman.com] robhyndman.com » Blog Archive » Mastercard Security Breach Affects ...: Mastercard is reporting a breach of security that at first instance seems .MasterCard said its investigation found that CardSystems, in violation of .
[Loosewire.typepad.com] loose wire: How Long Did The 'Biggest Data Theft In History' Go ...: The Australian Financial Review (subscription required) today pointed out these inconsistencies and the fact that California credit card holders have filed suit in San Francisco against CardSystems, Merrick Bank, Visa and MasterCard, claiming "the companies should take responsibility for the security data breach":
[Pgp.com] PGP Corporation - Library - CEO Blog: My own view is that the time has come for the United States to catch up to the rest of the developed world and recognize the fundamental and inalienable right of personal data privacy. Whether this occurs through the proposal of a 28 th amendment to the Constitution or through passage of one or more of the bills now matters less in my view than Congress acting before Americans lose faith in the institutions and processes with which we interact every day.