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[MSNBC] MasterCard, Visa confirm credit card data theft described as 'massive'

post #1 of 40
Thread Starter 
Quote:
Law enforcement officials are investigating what appears to be a massive theft of U.S. consumers' credit card data, MasterCard and Visa confirmed Friday. The computer security expert who first reported the theft said it might involve as many as 10 million accounts, making it one of the largest known credit card heists.

Source

this is not cool.
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post #2 of 40
This doesn't sound too good. At my work we had a customer call in asking if our credit card system was breached. Guess he was one of the unlucky mastercard users.
    
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post #3 of 40
Thread Starter 
ive checked my credit card and bank statement. nothing out of the ordinary
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post #4 of 40
Quote:
"From what I hear, the breach involves a taxi and parking garage company in the New York City area, so if you’ve paid a NYC cab in the last few months with your credit or debit card — be sure to check your card statements for possible fraud," Litan said in her blog post on the topic.
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post #5 of 40
Glad I don't have a credit card... yet redface.gif
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post #6 of 40
i'm glad that we in the EU dont have this crappy system
post #7 of 40
Quote:
Originally Posted by Bobotheklown View Post

Glad I don't have a credit card... yet redface.gif

You going to need it when you apply for rent, mortgage, auto loan, or any other type of installment loan.

And yes, now days applying a job would often require a credit check. Having no credit history = no job.

Quote:
Originally Posted by [T]yphoon View Post

i'm glad that we in the EU dont have this crappy system

What are you talking about? It is proven that EMV also suffers middle man attack. Nothing is safe.
Edited by trumpet-205 - 3/30/12 at 3:57pm
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post #8 of 40
Thread Starter 
....and having no credit is just as bad as having horrible credit.
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post #9 of 40
Quote:
Originally Posted by firestorm1 View Post

....and having no credit is just as bad as having horrible credit.

Sad, but very true. mad.gif
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post #10 of 40
Quote:
Originally Posted by Bobotheklown View Post

Glad I don't have a credit card... yet redface.gif

You'll learn this lesson soon enough and you'll regret it.
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