Bank Card Reissues May Be Linked to Wal-Mart Breach

[rose]

[quote author=Kristijntje link=topic=2606.msg10828#msg10828 date=1142348450]

A Citibank ATM network breach in Canada, Russia and the UK could have been prevented if the bank's US customers had chip and PIN technology on their cards, a leading analyst has said.

[/quote]

Where else besides France & the UK is chip and pin widely used?

[mandy]

A related article:

A popular software that retailers use to control debit-card transactions may inadvertently store sensitive customer information, including PIN codes, says Visa.

Two versions of cash-register software made by Fujitsu Transaction Solutions are under scrutiny, according to a warning Visa issued to the companies that process card transactions for some of the nation's largest retailers. A Visa representative confirmed that the warning was sent.

Some of Fujitsu's retail customers include Best Buy, Staples and OfficeMax, but it is not known which companies use the software Visa claims is flawed.

full article: http://news.com.com/2100-1029_3-6051261.html?part=rss&tag=6051261&subj=news

[mandy]

An unprecedented theft of personal identification numbers from thousands of consumers across the country is calling into question the basic safety of paying with debit cards.

The debit card breach, which the trade publication American Banker says could have allowed thieves to gain access to as many as 600,000 bank accounts, has raised larger questions about whether merchants are improperly storing customers' personal data.

The problem, according to security experts, is the storage of PINs attached to debit cards. The compromise of so many PINs suggests that a national retailer stockpiled customer information even though such a practice is against rules set down by the major credit card companies. What the breach has revealed, say security analysts, is that safety measures around these numbers could represent an Achilles heel for debit cards....

full article: http://news.com.com/Your+secret+PIN+may+...=nefd.lede