11 Charged in Massive Credit Card Fraud Case | Fox News
The US is regularly hit by breaches to its credit cards, most are "minor" but there are a lot of them, but there are some big ones around. I saw an interview with a security expert who broke the Target story and he said that he was on his 5th credit card this year due to suspected fraud. The people in the studio (Bloomberg) also told of them being hit by fraud and the CC company shrugging it off and replacing the money gone.
It all boils down to the fact that the US CC system is outdated and flawed and easily hacked.
No, no one screwed up but the credit card industry that lets bean counters run the show instead of security experts. This comment from the following case... says it all..Someone is going to get hit and they know it. They can duplicate any of these peoples info into a card or credit line. Or who knows what else.
Its definitely a major screw up. Someone has already filed on Target.
U.S. indicts hackers in biggest cyber fraud case in history | Reuters
Prosecutors said he charged $10 for U.S. cards, $15 for ones from Canada and $50 for European cards, which are more expensive because they have computer chips that make them more secure.