Private credit card and banking details have been leaked during a breach at a company which processes online transactions, the Payments Association of SA (Pasa) said on Friday.<\/p>\n
Pasa CEO Walter Volke said there was no need for “undue concern” by cardholders.<\/p>\n
“There are indications at this stage that only a limited number of card details have been accessed by outside organisations, and as a result limited fraud has been perpetrated,” he said in a statement.<\/p>\n
He said card-users needed to report suspicious account transactions to their banks.<\/p>\n
Pasa discovered the breach earlier in the week.<\/p>\n
The company which processed the online transactions “serves a number of large online merchants”, it said.<\/p>\n
“The card data emanating from these online transactions seems to have been stored in a manner which does not meet the stringent security standards expected by Pasa, the international card schemes and the banks,” Volker said.<\/p>\n
“Pasa has been working with the banks and the card schemes to implement immediate measures to block the potential exposure of the card data.<\/p>\n
“Should fraudulent transactions be perpetrated on any of these cards as a result of the data compromise, cardholders would not be exposed to any<\/p>\n
losses — as is the case under normal circumstances,” he said.<\/p>\n
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