Business Fraud

| Business Fraud:| Global Payments Credit Card second Breach| | Quatavious Ellis| 7/21/2012| | A systems or leaven breach is a form of fraud. Accessing unaccredited info is a fraudulent activity. However, it happens constantly in businesses. Many companies have line both(prenominal) type of breach whether it is internally or externally. Moreover, ward-heelers argon commonly doing the breaching of a companys database or system. Hacking is the unauthorized access, modification, or use of an electronic device or some constituent of a computer system, (Romney 149). The article, Massive credit pla bill goon data breach involves all major brands reports the hacking of Global Payments (GPN). GPN as stated in the article, a company that processes batting order accomplishment (Pepitone and Remizwoski, 2012). The data involved credit and debit card information from all major brands, such as Visa and Mastercard. Upon breakthrough of the intrusion, the compan y quickly informed the other companies in the industry. The calculate of accounts affected was not given nor was the type of information the hack accessed. Secret Service is investigating the contingencyal.

The article states that after the incident was reported it sent the companys shares down 9% before trading was halted, (Pepitone and Remizwoski, 2012). It mentions what happens when the credit or debit card is swiped. A spokesperson for Visa confirmed to CNN that Visa had acquit Global Payments from its list of preferred credit-card processors (Pepitone and Remizwoski, 2012). GPN ensures they nor were their clients to blame for the leak. It is crucia! l to even out that this incident does not include our merchants or their relationships with their customers, Global Payments states (Pepitone and Remizwoski, 2012). Krebs on Security, a blog, was the first to report the breach. The blog stated it was a massive event and could possibly comprise over 10 million card numbers. A security analyst of Gartner, Avivah...If you tweak to get a full essay, order it on our website: OrderCustomPaper.com

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