Credit card breach leads to 10,000 cards compromised in Europe

Credit card breach leads to 10,000 cards compromised in Europe

One European payment processor may have to adjust its data security, as a possible breach may have compromised more than 10,000 debit and credit cards.

“Visa Europe has been informed of a potential data security breach at a European processor and an investigation is underway," the payment processor, who remains unnamed, said in a statement. "We are working closely with our member banks to ensure cardholders are protected.”

Romania Business insider cited Visa Europe as sayng Romania's CEC bank blocked 17,000 payment cards because it suspected the cards had been compromised. In a statement, CEC bank said it blocked the transactions and reissued customer new cards with new PINs. The bank stated that its cards were not specifically targeted, but the bank is the only bank in Romania thus far to say it is a victim of the breach.

According to SC Magazine, 130 million credit cards were compromised in 2009 after the Heartland Payment Systems data security breach. The network was reportedly broken into by cyber criminals, who then installed malicious software to mine information. Businesses must make securing customer data a top priority if they want to be successful in 2012.