• United States



by Paul Kerstein

Lost Credit Data Improperly Kept, Company Admits

Jun 20, 20051 min
CSO and CISOData and Information Security

The chief of the credit card processing company whose computer systemwas penetrated by data thieves, exposing 40 million cardholders to arisk of fraud, acknowledged yesterday that the company should not havebeen retaining those records, according to a report in the The New York Times.The official, John M. Perry, chief executive of CardSystems Solutions,indicated that the records known to have been stolen covered roughly200,000 of the 40 million compromised credit card accounts, from Visa,MasterCard and other card issuers. He said the data was in a file beingstored for “research purposes” to determine why certain transactionshad registered as unauthorized or uncompleted. Read more.