Sunday, September 11, 2005

Wired News: CardSystems' Data Left Unsecured

CardSystems' Data Left Unsecured
By Kim Zetter, 02:00 AM Jun. 22, 2005 PT

CardSystems Solutions -- the credit-card processing company that recently exposed 40 million debit and credit-card accounts in a cyber break-in -- failed to secure its network, even though the network had been certified secure to a data security standard, according to Visa.

Since 2001, Visa and MasterCard have been touting a data security industry standard they developed in an effort to prevent credit-card data theft and stave off federal regulation. The standard has become a required criteria for businesses handling credit-card transactions.

Read the full article here : Wired News: CardSystems' Data Left Unsecured

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