Bank card details leaked
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.
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
cardholders.
cardholders.
“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.
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.
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.
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.
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
data.
implement immediate measures to block the potential exposure of the card
data.
“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.
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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