Page 17 - Payment Processor News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Since then, data has been stolen from an online video game network and a payment processor, among many others. in july, prosecutors charged six foreign nationals of stealing 160 million credit card numbers, resulting in losses in excess of $300 million. and while this criminal black market is incredibly disturbing, it is not the whole story. indeed, the illegal market is probably dwarfed by the semi-legitimate market, but maybe even more troubling one, involving so-called data brokers, which collect your data, package it, and can sell it to pretty much anybody. on wednesday, the senate commerc...

An i.d. theft expert say the cardholders have reason to be worried. do we know what happened? >>guest: the buzz is that organized cream, possibly from latin america descent in new york were able to compromise an account potentially using knowledge-businesses questions and answers to get to bypass supreme court. >>neil: is if you can get through to that, what do you get access to? >>guest: witness you are in, depending on what level they entered through, they may have been able to actually put some type of a spyware on the system or had full administration criminal seeing what is passing throug...

Look at what's happening in sweden right now. one of their major grocery chains has shut down 800 stores because their payment processor that runs their point of sale terminals has been hit by this ransomware attack. people can't go and buy food. we haven't seen that here at the moment, with grocery stores, but you can find that your car dealer is not able to sell you a car because their systems are down. you may be able to find hospital systems are not able to take in patients because they can't access medical records. this can very widespread repercussions around the country. >> yeah, that's...