Compromised credit data improperly kept, company admits

Compromised credit data improperly kept, company admits
Tags: Debit / Credit, Security, Transaction Processing
July 12, 2005

New York Times: John M. Perry, chief executive of CardSystems Solutions, the credit card processing company whose computer system was penetrated by data thieves, indicated that records for roughly 200,000 of 40 million compromised credit card accounts should not have been in the company's possession.

He said the data was in a file being stored for "research purposes" to determine why certain transactions had been registered as unauthorized or uncompleted.