« Grant for Nursing Program | Main | St. Paul park carving out a niche for art »
June 25, 2005
Credit Card Security
The story I selected for class was Mastercard scare reveals flaws in system from the KSTP.com website. However, this article was not original to KSTP. The original article was written by the Assoicated Press. The article is a follow up to the announcement by MasterCard on June 17th that 40 million credit card accounts were exposed to fraud due to a hack of CardSystems’s database. CardSystems is a third-party credit card payment processing service. Of the 40 million accounts, 13 million were MasterCard and 22 million were Visa-branded card accounts. This is one of the latest and largest high-profile security breaches in recent months. During our group discussion we all shared stories of the problems we or others we knew had regarding stolen identities or credit card fraud. Debbie shared her story about how she is still trying to sort through the problems related to credit card fraud. We also talked a lot about the “phishing” scams that we constantly receive in our inbox. It seems like everyone gets the same ones! Our top scam was a phishing scam from eBay that it seems like everyone with an eBay account has received at some point. When I was reading a bit more about this story and others related to it I found a neat section of CNN.com called Mission: Security.