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CardSystems Solutions Hacked

By Nextrio on October 21st, 2015 Facebooktwittergoogle_plusredditlinkedinmailby feather

cardsystemsCompanies often promise you that your information is safe, but are they always telling the truth? CardSystems Solutions Inc. lost a great deal of important information and suffered a PR disaster as a result. Fortunately there are IT companies in Tucson that can help you stay safe. Keep reading if you’re interested in learning more about what happened to CardSystems Solutions, Inc. in 2005.

What Happened

CardSystems Solutions Inc. was unfortunate enough to have a hacker break into a third party processor and obtain tens of millions of customers’ credit card numbers, many of which were MasterCard accounts. Birthdays, Social Security numbers, and other important and private information were not stolen. While CardSystems remained relatively quiet during the wake of their infiltration, they worked with the FBI in order to identify and prosecute the offender.  

CardSystems and MasterCard Reactions

Although the surmised amount of credit card accounts at risk was upwards of 40 million, CardSystems Solutions Inc. would not offer confirmation. It was MasterCard that identified the problem and traced it back to CardSystems, although CardSystems claims to have reported the issue to the FBI. Information such as the way the system was hacked and the number of account numbers that were stolen is not available to the public. There is no suggestion that the culprit was a virus; however, a lack of protection and security was still clearly an issue.

Bank Reaction

While the banks could have potentially mitigated this substantial security breach, it is up to each individual bank to decide whether or not to issue new credit cards and cancel old ones. Many wait until evidence of fraud has been presented for each account before canceling old cards and issuing new ones.

If you would like to avoid a similar fiasco and keep your business safe in an increasingly digital world, call Nextrio at (520) 519-6301. As a Tucson-based IT consulting firm, we offer a range of services that help companies improve productivity and keep their networks safe.

This article is part of our collection of WORLD FAMOUS SECURITY BREACHES!

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