Thursday, January 22, 2009

MasterCard, Visa sound alarm in massive data breach

Well, here we go again. I just don't understand why people will place convenience over security and privacy. This is why I don't use credit cards. This is also why I am dead set against Obama's plan to digitize my medical records and store them in some data bank.

Visa and MasterCard have begun notifying member banks around the nation to contact patrons whose card accounts may have been compromised in the Heartland Payment Systems data breach — which could turn out to be the largest such incident yet reported.

Robert Baldwin, Heartland’s President and CFO, said that Visa and MasterCard are “instructing many card issuers” to offer fraud-monitoring protection, replace cards, or do a combination of both for customers whose card purchases were processed by Heartland. “We’re heartsick over this,” Baldwin said. FULL STORY.

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