Payment Processor Breach May Be Largest Ever

There are new records are being reached every day at Wall St. but even after enforcing stronger Payment Card Industry (PCI) Standards, new larger data breaches continue to dwarf TJX, CardSystems Solutions’ breaches.

Heartland does not know how long the malicious software was in place, how it got there or how many accounts may have been compromised. The stolen data includes names, credit and debit card numbers and expiration dates.

…….

The data stolen includes the digital information encoded onto the magnetic stripe built into the backs of credit and debit cards. Armed with this data, thieves can fashion counterfeit credit cards by imprinting the same stolen information onto fabricated cards.

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