Skip to Content
Uncategorized

MasterCard Reports 40 Million Cards May be Compromised

In what may be the largest reported breach to date, MasterCard International reports that 40 million customer cards may have been exposed to fraud. Details, but not enough, can be found at Mastercard’s press release on the matter, and in…

In what may be the largest reported breach to date, MasterCard International reports that 40 million customer cards may have been exposed to fraud.

Details, but not enough, can be found at Mastercard’s press release on the matter, and in the Associated Press article.

Apparently, the breach was detected in May, when a piece of hostile software was discovered on a computer system at Atlanta-based CardSystem Solutions, which processes cards for MasterCard. The data potentially compromised include names, bank names, and account numbers. The spokeswoman for MasterCard, Sharon Gamsin, says that this information could be used to steal funds but not identities. I wonder how she arrived at that conclusion.

The Associated Press wrote that CardSystems was surprised by MasterCard’s decision to go public with the break. “We were absolutely blindsided by a press release by the association,” Michael A. Brady, the company’s CFO, told the AP.

Many people have written that these kinds of breaches have likely been going on for some time, and we are only now becoming aware of them because of the California disclosure law. But I think that attacks like this one at CardSystems are actually increasing because of the quality of hostile software and the increasing connectivity of networked systems.

Keep Reading

Most Popular

images created by Google Imagen
images created by Google Imagen

The dark secret behind those cute AI-generated animal images

Google Brain has revealed its own image-making AI, called Imagen. But don't expect to see anything that isn't wholesome.

AGI is just chatter for now concept
AGI is just chatter for now concept

The hype around DeepMind’s new AI model misses what’s actually cool about it

Some worry that the chatter about these tools is doing the whole field a disservice.

Hoan Ton-That, CEO of Clearview AI
Hoan Ton-That, CEO of Clearview AI

The walls are closing in on Clearview AI

The controversial face recognition company was just fined $10 million for scraping UK faces from the web. That might not be the end of it.

spaceman on a horse generated by DALL-E
spaceman on a horse generated by DALL-E

This horse-riding astronaut is a milestone in AI’s journey to make sense of the world

OpenAI’s latest picture-making AI is amazing—but raises questions about what we mean by intelligence.

Stay connected

Illustration by Rose WongIllustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at customer-service@technologyreview.com with a list of newsletters you’d like to receive.