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ARTICLE · 16 APRIL 2012

Data Security Breach Alert: 1.5 Million Credit Card Customers Affected

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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Global Payments, Inc. (NYSE: GPN) ("Global") has reported a significant data security breach for approximately 1.5 million credit card customers.

United StatesPrivacy
Adam Veness
Adam Veness
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Global Payments, Inc. (NYSE: GPN) ("Global") has reported a significant data security breach for approximately 1.5 million credit card customers. According to a statement that Global released on Sunday, their investigation has revealed that "Track 2 card data may have been stolen, but that cardholders' names, addresses and social security numbers were not obtained by criminals." Using Track 2 data, a hacker can transfer a credit card's account number and expiration date to a fraudulent card, and then use the fraudulent card for purchases.

As a result of the breach, Visa has removed Global from its list of companies that it considers to be "compliant services providers." In an effort to calm consumers, Global issued a press release today assuring that "[b]ased on the forensic analysis to date, network monitoring and additional security measures, the company believes that this incident is contained."

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