Late last week payment processor Global Payments revealed that MasterCard and Visa cardholders were at risk through a security flaw in their system. We now know that the cards affected in the breach processing system were only in North America but that the original estimates of tens of thousands of cards affected were grossly understated.
The worst is apparently over as the security flaw is reportedly plugged. Names, addresses, and social security numbers were not affected, only credit card numbers.
“We are making rapid progress toward bringing this issue to a close. Our nearly 4,000 employees around the world are focused on providing exceptional service,” said Global Payments CEO Paul R. Garcia. “We are open for business and continue to process transactions for all of the card brands.”
Global Payments handled $120.6 billion in credit card volume last year.