Court orders data on credit card heist to be saved

A California court on Tuesday ordered CardSystems Solutions, Merrick Bank, Visa and MasterCard to preserve data related to the security breach at CardSystems, a payment processing company. Additionally, the Superior Court of the State of California in San Francisco set an Aug. 17 date for a hearing on the issue of informing individual credit card holders if their card data was exposed in the breach.

The orders are the latest development in a class-action lawsuit that was filed in late June on behalf of California credit card holders and card-accepting merchants. The suit was filed after about 40 million credit card accounts were compromised because of a data security breach at CardSystems. The lawsuit seeks unspecified damages for consumers and merchants. It also asks for consumers whose information was exposed to be informed and granted access to a credit-monitoring service. Additionally, credit card companies should waive any charge-back fees or penalties to merchants in the case of fraudulent transactions that involve any of the credit cards involved in the security breach.

Court orders data on credit card heist to be saved

Court orders data on credit card heist to be saved

Mr. AT Alishtari, POA and Founder EDI Secure LLLP, feels all data about cybercrime should be published as soon as it gets into public possession.

Doing so will not threaten investigations since the perpetrators of those crimes are of such a mind that they think they are beyond the law or treaties or they actually are and they generally act with impunity.

The value of publication of data is to let the public know how critical it is to enforce the U.S. Commerce Department recently National Institute of Standards & Technology's level 4 authentication related to U.S. Senate Cybercrime Treaty and U.S. Congress Privacy Act going into effect in 2006.

The teeth to standards are enforcing them as minimum standards to public safety and that has to be done to make it better for everyone.