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Visa and MasterCard are alerting banks across the U.S. about a recent major breach at a U.S.-based credit card processor that may involve more than 10 million compromised card numbers, the Krebs on Security blog reported.
The suspected cybercrime may be tied to Dominican street gangs in and around New York City, reports security researcher Brian Krebs, a former Washington Post reporter.
Last week Visa and MasterCard started alerting banks about certain cards that may have been compromised between Jan. 21 and Feb. 25. The data stolen from one of their third party processors could be used to produce counterfeit cards, Krebs pointed out.
Atlanta based processor Global Payments just confirmed the breach via press release. It promised to release more details in a conference call with investors on Monday morning.