scam
n. (INFORMAL)
Tens of thousands of Australian MasterCard and Visa holders have been hit by a massive case of US computer fraud that exposes credit card details to theft, despite at least two Australian banks detecting the scam as long as six months ago.
It emerged yesterday that the scam, which has left 40 million cards worldwide vulnerable to fraud, was detected by National Australia Bank in December and ANZ in January. But it was not until last weekend that US authorities were confident enough to track the original security breach to Arizona-based CardSystems Solutions, a company that processes transactions for US banks. The Federal Bureau of Investigation is investigating the incident.
...
The scam was publicised over the weekend when MasterCard and CardSystems released statements about the debacle. CardSystems said it had alerted the FBI and was upgrading its security systems.
[ US scam hits credit card holders ]
Tens of thousands of Australian MasterCard and Visa holders have been hit by a massive case of US computer fraud that exposes credit card details to theft, despite at least two Australian banks detecting the scam as long as six months ago.
It emerged yesterday that the scam, which has left 40 million cards worldwide vulnerable to fraud, was detected by National Australia Bank in December and ANZ in January. But it was not until last weekend that US authorities were confident enough to track the original security breach to Arizona-based CardSystems Solutions, a company that processes transactions for US banks. The Federal Bureau of Investigation is investigating the incident.
...
The scam was publicised over the weekend when MasterCard and CardSystems released statements about the debacle. CardSystems said it had alerted the FBI and was upgrading its security systems.
[ US scam hits credit card holders ]
posted by Dennis @ Tuesday, June 21, 2005
0 Comments:
Post a Comment
<< Home