Company Behind Biggest Data Leak Ever To Disappear

from the don't-let-the-door-hit-you-on-the-way-out dept

Credit-card processor CardSystems, which lost the data of 40 million credit cards to a hacker -- data it wasn't even supposed to have -- is being bought out. The purchaser acknowleges that because of the security breach, CardSystems won't be allowed to process some credit card transactions after October 31, but is trying to come to an arrangement to keep service going. Can't say we're too sympathetic to their cause, and there are 40 million cardholders that probably have similar feelings.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Reader Comments

Subscribe: RSS

View by: Time | Thread


  • identicon
    jdw242, 23 Sep 2005 @ 1:29pm

    ...nothing better to do but post...

    so, they got the f* off the hook having information they weren't supposed to have?

    Someone tell me how the F* that works?? Please!

    link to this | view in chronology ]

    • identicon
      Stoned4Life, 28 Oct 2005 @ 12:13pm

      Re: ...nothing better to do but post...

      If that was my credit card in that bunch, I'd sue for 10x the value of any platinum card out there. There is simply no excuse.

      link to this | view in chronology ]

  • identicon
    Digitalus, 24 Sep 2005 @ 10:10am

    Getting Out of Hand

    This is amazing.
    These guys should be in court getting ready to have their business shut down, paying fines, etc.
    Instead, they are getting ready to make even more money, and probably mistakes, for being very irresponsible with data they weren't even supposed to have.
    There should be some legal action here, yet, there's none.
    This whole thing leaves you with a very bad feeling, as most tech savvy internet users purchase online. With our card numbers floating around the internet in some hacker's hands, it makes you want to see to it that companies like this are never able to do any kind of technology business ever again.
    Digitalus

    link to this | view in chronology ]

  • identicon
    Anonymous Coward, 24 Sep 2005 @ 11:15am

    The Shell Game

    Why do I suspect the old 'shell game' here? Where in reality they are buying themselves at some level simply to be able to say "We are a new and different company, so let us make those credit card transactions"

    link to this | view in chronology ]

  • identicon
    RJ, 24 Sep 2005 @ 9:17pm

    No Subject Given

    It looks like Cybersource is going to be the one to buy it out. Cybersource is a Mountain View that specializes in handling onine transactions.

    link to this | view in chronology ]


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.