Up to 1.5 million credit card numbers stolen
You may recall how last week there was a report of an undetermined number of credit cards number being stolen in a hack on the payment process company Global Systems. Now that number has been estimated to be as high 1.5 million. The good news is that names, addresses, and social security numbers associated with the card numbers do not appear to have been lifted, making it harder for the bad guys to use the numbers or parlay them into identity theft. The bad news? That a company that processed 120.6 billion dollars in Visa and MasterCard payments in the past year could be hacked in the first place. Global Systems was temporarily suspended by Visa as the result of the hack, MasterCard did not follow Visa’s lead. Today, Global Systems is saying that the problem is contained, which is an expression one often associates with forest fires that have caused enormous damage.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.