Credit Cards Online Information

Following the recent revelation that a security breach potentially exposed 40 million credit cards to data theft, a class-action suit was filed Monday against CardSystems Solutions, MasterCard and Visa on the behalf of California credit card holders and businesses accepting credit card payments.

The lawsuit, filed in San Francisco Superior Court, alleges that CardSystems Solutions, an Arizona-based credit card processing company, failed to keep consumers' credit card data safe, breaking Visa and MasterCard's "Data Security Standards," which forbid storing certain consumer information.

Also, the suit says CardSystems is liable for the security breach because the company failed to "maintain a proper firewall and computer security system [and failed] to properly encrypt data, [and for] its unauthorized storage of consumer data."

Read the rest of this PC Magazine story: "Lawsuit Seeks Payback for Major Credit Card Breach"

# posted by Medical Information : 3:43 AM