Following rumors over the weekend, Global Payments—a massive international credit-card processor—has confirmed that it suffered a massive security breach. Hackers managed to acquire customer information from up to 1.5 million accounts across North America. As far as we know, every major credit card provider is affected.
The move by Visa to stop using the services of Global Payments is a big one: it’s a rare occurrence in the industry, so signals a complete lack of trust. It’s not yet clear whether others will follow suit. More »