Contradictory Charges Rattle Data-Loss Case
CardSystems, a credit card processing company accused of improperly storing private data fingers the auditor in congressional testimony, and the executive points a finger right back, calling charges "total, total disinformation."During congressional testimony Thursday, executives from bank and credit card companies involved in the largest credit card data loss ever pointed fingers at a new culprit for gaps in security: the auditors who had certified the credit card processing systems as being up to snuff. But in an interview with Ziff Davis Internet News, those auditorswho did not testify at the hearingsvehemently disagreed with the testimony and said one of the CEO witnesses was either lying or very mistaken. The role played by the Cable & Wireless Security unit, now owned by Savvis Communications Corp., was made public during the testimony of David Watson, the chairman of Merrick Bank, which is one of seven banks that made payments to merchants who used CardSystems Solutions.
In May, CardSystems reported that someone had broken into its systems and stolen the details of as many as 40 million payments cards, including names, account numbers and expiration dates. The hearing was being held to see if new laws are needed to prevent such a situation from recurring.