Stay Informed with CUTimes

Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!

Global Payments: No More Than 1.5 Million Accounts Compromised

Global Payments Inc., the latest payments processor to have reported a significant breach of its card security systems, has announced that no more than 1.5 million accounts were compromised in the incident.

"We sincerely apologize for this incident and are working diligently to conclude our investigation,” said Global Payments Chairman/CEO Paul Garcia. “We are committed to fully resolve any issues arising from this matter and we, of course, continue to provide uninterrupted transaction processing for our customers worldwide."

The company has continued to say that only track two data was compromised and not cardholder personal data.

Credit unions and other card issuers across the country have faced waves of alerts from the major card brands about potentially compromised cards they have issued and which may need to be closed and reissued.

In an unusual twist, the processor also announced that its investigation recently revealed potential unauthorized access to servers containing personal information collected from a subset of merchant applicants.

“It is unclear whether the intruders looked at or took any personal information from the company's systems,” Global Payments said in its update. “[H]owever, the company will notify potentially affected individuals in the coming days with helpful information and make available credit monitoring and identity protection insurance at no cost.

“The notifications are unrelated to cardholder data and pertain to individuals associated with a subset of the company's U.S. merchant applicants,” Global Payments added.

Comments

More News

Resource Center

View All »

Measure and Monitor the Risks and Opportunities in Loan Portfolios

Get a complimentary demo of our loan portfolio analytics and access to the white paper,...

CUT Daily eNews

Credit Union Times delivers breaking news and information you need to make the right decision for your organization - FREE. Sign up now!

Career Listings
Recent Career Listings
Browse Career Listings

Advertisement. Closing in 15 seconds.