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Bank of America reported that in the February leak of data on credit cards to blame, more likely, a third party on behalf of merchant and not the service provider.
"It was probably an isolated incident from a third party - merchant (eg, in-store), which affected a small number of cards, and not a leak from the Bank of America or its branch," - said Speaker Betty Riess of Bank of America e-mail.And probably suffered other credit card issuers, not just Bank of America. "The damage caused by leakage of data from the merchant could not restrict the Bank of America card," - says Riess.This conclusion was reached by analyzing the data of internal fraud-monitoring and information about what brands of memory cards have been compromised. "Now we are taking preventive measures to protect our clients and minimize the likelihood of fraud" - added Riss. - "It does not mean that fraud has occurred."Earlier this month, Bank of America sent out a notice to its customers about the possible compromise of data. The bank did not disclose how many customers were affected, but said that the relatively well-known security holes have taken the necessary measures.Fred Cate, a law professor at Indiana University, said that the incident at the Bank of America, recalls the need to protect sensitive information within each level of the payment chain, and the transmission between the links. To ensure data security - it is not only an obligation of the bank, the same precautions and methods of protection should be applied in other business sectors, all service providers and intermediaries, which interacts with the bank."Security must be provided at the system level," - says Kate. - "I believe that the banks get best ensure the safety of its customers and partners, and certainly they are paying more attention to it. But the task of protecting the information will not be executed until there are no state laws that require each party to take responsibility for the system of payments data" .• source: bankinfosecurity.com / articles.php? Art_id = 4513
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