MasterCard, VISA Warn of Processor Breach – 10,000,000 credit cards potentially compromised

VISA and MasterCard are alerting banks across the country about a recent major breach at a U.S.-based credit card processor. Sources in the financial sector are calling the breach “massive,” and say it may involve more than 10 million compromised card numbers. Update, 4:32 p.m. ET: Atlanta-based processor Global Payments just confirmed that they discovered a breach in early March 2012. […]

UPDATE: – CRC Card Fraud published an article earlier this month about Popular UK-based biking site who’s website appears, according to mountain bike forums, to have been breached and customers credit card data made vulnerable. Today, it has been confirmed that a security breach on its systems led to fraud against its customers. Some of the cyclists who […]