Bank card details leaked

2012-11-09 15:56

Private credit card and banking details were leaked during a breach

at a company which processes online transactions, the Payments Association of SA

(Pasa) has said.

Pasa CEO Walter Volke said there was no need for “undue concern” by


“There are indications at this stage that only a limited number of

card details have been accessed by outside organisations, and as a result

limited fraud has been perpetrated,” he said in a statement.

He said card users need to report suspicious account transactions

to their banks.

Pasa discovered the breach earlier in the week.

The company which processed the online transactions “serves a

number of large online merchants”, it said.

“The card data emanating from these online transactions seems to

have been stored in a manner which does not meet the stringent security

standards expected by Pasa, the international card schemes and the banks,”

Volker said.

“Pasa has been working with the banks and the card schemes to

implement immediate measures to block the potential exposure of the card


“Should fraudulent transactions be perpetrated on any of these

cards as a result of the data compromise, cardholders would not be exposed to

any losses – as is the case under normal circumstances,” he said.

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