CardSystems Solutions admits it mishandled Credit Card data
June 20th, 2005 Leave a comment Visited 51 times, 1 so far today
CardSystems Solutions admits it mishandled Credit Card data
More shocking news is in stores for the credit card holders in the United States. The company where the security breach was discovered, CardSystems Solutions has admitted of being careless at handling the consumer records in the first place. The hacking of their computer systems exposed data on millions of credit card holders.
John Perry, chief executive of Atlanta-based CardSystems Solutions Inc. said that the stolen records cover roughly 200,000 of the 40 million compromised credit card accounts, from Visa, MasterCard, and other companies.
Ironically, the company says that the data was being stored on the systems for research purposes only. The aim was to study why some of those transactions were registered as unauthorized or uncompleted. John Perry admitted that his company should not have been careless with that data and should have avoided taking that step in the first place.
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June 20th, 2005 at 10:22 pm
They’re spinning this hard… just like experienced politicians. I should know… I used to work at CSSI. They (senior management)never wanted to spend money on infrastructure, or listen to their experienced IT staff, they only hired outside consultants unfamiliar with the processing platform. As a matter of fact, they’ve pushed all of their experienced IT and development people out. The upper management is only concerned with their own self preservation. If senior management (CTO, VP of Operations) doesn’t get fired then this whole fiasco will be a travesty of even greater proportions than the actual breach itself. It will demonstrate that the senior managment has no clue about owning responsibility for the departments they supervise, but further will demonstrate a blatant disregard for the consumer and the safety and security of thier data. I wouldn’t trust my data on that platform until they hire somebody with REAL processor experience and real security experience into the CTO and VP of Operations positions. I vote no confidence on CSSI…