Global Payments Confirmed Security Breach ‘Contained,’ Affected No More Than 1.5 Million Credit Cards

Posted on Jun 13 2012 - 11:36am by Editorial Staff

Back in April, payment gateway company Global Payments announced a security breach which puts up to 1.5 million credit cards at risk. The company on Tuesday confirmed that the scope of breach as it appears is relatively limited. Global Payments in a statement said it “believes that this incident is contained,” and that it “has made substantial progress in its investigation and remediation efforts.” Global Payments didn’t specify what this personal information could include, nor did it indicate whether any suspects have been identified.

“We sincerely apologize for this incident and are working diligently to conclude our investigation,” Chairman and CEO Paul R. Garcia said in a statement. “We are committed to fully resolve any issues arising from this matter and we, of course, continue to provide uninterrupted transaction processing for our customers worldwide.” Global Payments says it will provide another update on its investigation no later than July 26th.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.