A major credit card transaction processor, Heartland Payment Systems, has reported a severe credit card information breach, but says that the customers can rest assured that their information wasn’t stolen? Huh? So is there a breach or not? The CFO and President of the company thought it necessary to get the Secret Service involved in the case, so to downplay the security risk is futile at this point.
Not only has the company been compromised by some type of “malicious software,” but the reports say that all of this happened last year. Of course last year was just a few weeks ago, so that doesn’t tell the general public much about when we should start checking our statements for illegal activity.
The Washington Post is reporting the breach as possibly the “largest ever.” They also quote the company’s President and CFO saying that the company does business in the area of “100 million transactions a month” and they process “payments for more than 250,000 businesses.” On top of the company’s President suggesting that we should not be worried because personal information (i.e. social security numbers, phone numbers, pin numbers) wasn’t compromised, the Post reports that the digital information used to make the card was compromised.
You think these companies are selling our information or using our money for their own personal bailout? Not likely, but who is being held accountable for all of these security breaches that result in our having to muddle through an inconvenient process of changing cards, reporting losses and the hassle that usually occurs when we call our credit card companies to report these incidents? Any good conspiracy theories out there? Let us know what you think about this mess. And remember it’s not the first as you will see in the Washington Post article. There’s a laundry list of these incidents in recent years.