According to police, the Dominican street gangs of New York are said to be responsible for the security breach of more than one million Visa and MasterCard credit, debit, and gift cards.
In response to the breach, Visa has dropped the company responsible for processing the transactions between the cars and merchants and banks.
The processing company, Global Payments said it contacted police about the security breach and said the incident will make the company “even stronger”.
It is believed that 1.5 million cards were affected, though Global says key customer information such as addresses and social security numbers were not stolen, and that they “identified and self-reported unauthorized access into a portion of its processing system.”
However, since the announcement of the breach was made on Friday, security experts have stated that fraudulent transactions can still be made with the data what was stolen.
The breach is said to have only affected card holders and accounts in North America but all customers are urged to check their accounts a few times a week to ensure fraudulent transactions are not being made.
