MasterCard Warns of Possible “Massive” Data Breach

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“Breaking-News” Report

According to Andrew R. Johnson, MasterCard Inc. MA -1.36% just reported that it is investigating a possible breach of cardholder account data involving a U.S.-based payment processor.

The Purchase, N.Y., credit-card company said law enforcement has been notified of the matter and an “independent data security organization” is conducting an ongoing forensic review of the matter. The company is alerting card-issuing banks regarding “certain MasterCard accounts that are potentially at risk.”

Assessment

Link: http://online.wsj.com/article/SB10001424052702303816504577313411294908868.html

Is there an object lesson here for HIT data protection and EHR identity theft?

Conclusion

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5 Responses

  1. UPDATE

    VISA card is now reported to have been implicated. The ME-P has reached out to them with no results … Stay tuned as we invite readers to opine and update us all.

    ###

    Now confirmed by both as massive.

    http://redtape.msnbc.msn.com/_news/2012/03/30/10940640-mastercard-visa-confirm-credit-card-data-theft-described-as-massive

    Ann Miller RN MHA
    [Executive-Director]

    Like

  2. April Fool’s Day or VISA Outage?

    A technical problem affecting the Visa network barred some people around the United States from using their credit and debit cards for about 45 minutes today.

    Truth or prank?

    Frank

    Like

  3. House Attacks Identity Theft Tax Fraud

    On August 1 the House passed the Stopping Tax Offenders and Prosecuting (STOP) Identity Theft Act of 2012 (H.R. 4362). This act was introduced by Rep. Debbie Wasserman Schultz (D-FL) and increases tax fraud penalties in an effort to attack the tax-related identity theft problem. The bill also encourages the Attorney General to devote greater resources to the problem of identity theft-related tax fraud.

    A report by the Treasury Inspector General for Tax Administration (TIGTA) published on July 16 indicated that tax identify fraud is still a major problem. The IRS noted that in 2011 it had detected one million potential tax I.D. fraud cases and withheld $6.5 billion in refunds.

    However, the TIGTA report suggested that there were another 1.5 million potential tax I.D. fraud cases and that $5.2 billion in fraudulent refunds had been distributed. The TIGTA report suggests that “substantial changes are needed to the individual taxpayer identification number program to detect fraudulent applications.”

    House Judiciary Committee Lamar Smith (R-TX) urged Congress to act. He stated, “Tax identity theft costs American families and taxpayers millions of dollars each year. It also results in confusion and needless worry as taxpayers must work to correct the I.D. problem created by the false filers.”

    Senator Bill Nelson (D-FL) has introduced the Identity Theft Tax Fraud Prevention Act (S. 1534). He noted that Florida is a “particular hotspot for identity theft tax fraud.” The cities of Tampa and Miami are especially serious problem areas with 16,000 returns filed and $749 million in potentially fraudulent refunds.

    House Ways and Means Committee Member Sam Johnson (R-TX) expressed great concern about tax fraud after the publication of the TIGTA report. He stated, “I am deeply outraged by this report. American taxpayers deserve better protection of their hard-earned money.”

    Source:

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  4. And now … the 10 worst government data breaches

    State and local governments, school systems and the military all showed vulnerability to accidentally exposing personal data in 2012.

    http://money.msn.com/identity-theft/10-worst-government-data-breaches

    So, what about eMRs?

    Ann Miller RN MHA

    Like

  5. Now CHASE!

    JPMorgan Chase & Co. is warning some 465,000 holders of prepaid cash cards issued by the bank that their personal information may have been accessed by hackers who attacked its network in July.

    http://www.nbcnews.com/business/jpmorgan-warns-465-000-card-users-data-loss-after-hacker-2D11701157?ocid=msnhp&pos=6

    Ann Miller RN MHA

    Like

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