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Saturday, March 15, 2003VISA fines the Bank not the HackersVisa USA have imposed undisclosed fines on one of the banks involved in the much publicized credit card hack. See the article Crackers gain sight of up to 5m credit cards as reported by The Register for the original details. It now seems that over 10million card numbers have been compromised across a variety of card companies not just Visa. The strange thing is Visa can't fine the transaction-processing company, only the acquiring bank, believed to be in this case the Provident Bank of Cincinnati on behalf of DPI Corporation of Omaha. Visa will not confirm who or how much they have been fined, their only public response at the moment is to state no ones accounts have been fraudulently hit as a result of the systems hack. . Well that's comforting then... posted by Robert Campbell 8:49 AM
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