Global Payments Inc suffers dataloss and merchants could be on the hook!


Once again a payment processor suffers a dataloss. Sadly merchants could be bearing the financial burden on this even though they are not the ones who lost the information. That’s bad for the merchants.

It’s also bad for the consumers whose information was lost. While consumers may not have to shoulder the financial burden, Personally Identifying Information has been exposed. The exposure of your personal information puts you at risk of becoming an identity theft victim, and the financial burden is not the only problem you have to worry about. You are more than your credit score!

Global Payments Inc has scheduled a press conference for Monday morning, look for a more in depth update then.

http://news.yahoo.com/mastercard-tells-banks-possible-security-breach-154439326.html