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SUMMARY

Major card processor breached losing millions of credit card numbers
Records	40,000,000
Record Types	CCN
Breach Type	Hack
Data Family	Electronic
Source	Outside
Organization	Visa, MasterCard, American Express
Other Affected/Involved Organizations	CardSystems
Lawsuit?	NO/UNKNOWN
Data Recovered?	NO/UNKNOWN
Arrest?	NO/UNKNOWN
Submitted By:	Anonymous

TIMELINE

Date	Event
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None. Add Data	Incident Discovered By Organization
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2005-06-19	Organization Reports Incident
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None. Add Data	Organization Mails Notifications
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None. Add Data	Records Recovered
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None. Add Data	Lawsuit Filed
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None. Add Data	Arrest Made
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SIMILAR INCIDENTS

records	date	organizations
94,000,000	2007-01-17	TJX Companies Inc.
90,000,000	1984-06-01	TRW, Sears Roebuck
77,000,000	2011-04-26	Sony Corporation

MAP OF INCIDENT LOCATION

Address: Tucson, AZ, USA
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REFERENCES

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ATTACHMENTS

KNOWN COURT CASES

CLOSED - DISMISSED - BANKRUPTCY

ERIC PARKE et al VS. CARDSYSTEMS SOLUTIONS, INC., A CORPORATION et al

Filed On

Justia Link

Pacer Link

Court

Federal?

Case Number

Pacer Case Number

Incident

2005-06-27

Pacer Docket

N/A

Superior Court of California, County of San Francisco

false

CGC-05-442624

110

Case Files

Awards / Settlements

Award	Monetary Value	Description
	$0.00

OSF Summary

Class action lawsuit filed against CardSystems. When CardSystems filed for chapter 11 bankruptcy protection on May 12th, 2006, the class sought to have the case transferred/consolidated to the bankruptcy case, however, some of the co-defedents (namely VISA and Mastercard) opposed, given that they had no part in the bankruptcy, and the court denied the transfer. Eventually, this case was dismissed, having no means of relief (CardSystems was gone).

COSTS SUMMARY

Known Actual Costs

No known costs for this incident.

Estimated Costs

Ponemon Institute Direct Costs Estimate ¹

$2,400,000,000.00

Note that these estimates are based on the Ponemon Institute's 2009 direct costs figures from their 2009 Annual Study: Cost of a Data Breach. We multiply $60.00 by the number of records to obtain this figure. Keep in mind that depending on the breach, the direct costs are not always suffered by the breached organizations. In the case of credit card number breaches, the direct costs can often be suffered by banks and card issuers. Also note that this is only an estimate.

Videos

COMMENTS

Incidents:

Data Types:

Sectors:

Sources:

Breach Types:

Disposal Computer | Disposal Document | Disposal Tape | Disposal Drive
Disposal Mobile | Email | Fax | Fraud Se
Hack | Lost Computer | Lost Document | Lost Drive
Lost Laptop | Lost Media | Lost Mobile | Lost Tape
Missing Document | Missing Laptop | Missing Media | Snail Mail
Stolen Computer | Stolen Document | Stolen Drive | Stolen Laptop
Stolen Media | Stolen Mobile | Stolen Tape | Unknown
Virus | Web |