VISA, MasterCard Compromise Much Smaller Than Believed Initially

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Former long-time Washington Post reporter Brian Krebs (who wrote a high-profile blog on IT security matters there) broke a story at his Krebs on Security website that VISA and MasterCard were warning banks in an unpublicized note that there had been a breach at one of their credit card processors sometime between 21 January and 25 February. The notice, Krebs said, indicated that the information taken would allow counterfeit credit cards to be produced.

In addition, Krebs wrote that, "the transactions that most of the cards they analyzed seem to have in common are that they were used in parking garages in and around the New York City area." More...