Security Breach
The company was hit with a security breach in March 2012 affecting anywhere from 50,000 to 10 million credit card holders.
Global Payments Inc. announced on Friday, March 30, 2012, that it identified and self-reported unauthorized access into its processing system. The company believes that the affected portion of its processing system is confined to North America and less than 1,500,000 card numbers may have been exported. The investigation to date has revealed that Track 2 card data may have been stolen, but that cardholder names, addresses and social security numbers were not obtained by the criminals. Based on the forensic analysis to date, network monitoring and additional security measures, the company believes that this incident is contained.
In a letter to possibly affected card holders, Global Payments writes "This data may have included your name, social security number and the business bank account number designated for the deposit of merchant processing proceeds." This statement by the company directly contradicts their attempts at damage control reported in the LA Times. Affected card holders are informed "We have provided additional information at www.2012infosecurityupdate.com"
Read more about this topic: Global Payments Inc.
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