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