40 million visa card accounts in the hands of hackers

Woo.. at last, we see the biggest criminal security breach of credit card information in history. The names, numbers and passwords for some 40 million credit card accounts appear to have been stolen from the computers of CardSystems Solutions.



How could CardSystems Solutions lose control of 40 million accounts?

A spokeman said thieves on the inside could have helped hackers to get inside, dumping viruses, or more likely, they exploited well-known vulnerabilities in the company’s computer system, using access codes that can be found on the Internet.

Apparently, CardSystems is not operating highly secure systems that meet the security levels of processing credit cards. In case of lawsuit, will the company go into bankruptcy ?