MasterCard Tells Banks of Possible Security Breach
The credit-card processor said the issue involves a company based in the U.S. and is also being reviewed by an independent data-security organization.
MasterCard’s announcement comes after a report on a blog called Krebs on Security said that both MasterCard and Visa Inc have been alerting banks across the U.S. about a “massive” breach that may affect more than 10 million cardholders.
“MasterCard is concerned whenever there is any possibility that cardholders could be inconvenienced and we continue to both monitor this event and take steps to safeguard account information,” the company said in a statement. “If cardholders have any concerns about their individual accounts, they should contact their issuing financial institution.”
MasterCard did not say how many of its cardholders might be affected. Visa representatives did not immediately respond to requests for comment.
- 2024 Wildfire Forecast Calls for ‘Below Average’ Season
- 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
- Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
- Report: Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme
- Mother of 8-Year-Old ‘Violently Sucked’ into Houston Hotel Pool Files Wrongful Death Suit
- Ship Owner in Bridge Collapse Seeks to Limit Its Liability