Nets warns of card data breach

Denmark's Nets has warned local banks and international card schemes of a data breach which may have compromised up to 100,000 credit cards.

Be the first to comment

Nets warns of card data breach

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The Danish payment processor has alerted banking customers to the hack, which it believes was linked to a single overseas Internet retailer.

It has called on local banks to replace the stolen cards. "By replacing possibly compromised cards preemptively, banks and shops can save an amount in the triple digit million (Danish crowns) range, which they could suffer in losses from trades made with stolen credit card information," the company says in a statement..

Reuters reports that Jyske Bank has already moved to block and replace 7000 cards caught up in the attack.

The company is working with Visa and MasterCard to investigate the breach.


Sponsored [Upcoming Webinar] Embedded Finance: Valuable Partnerships and Opportunities for Payments

Related Company

Keywords

Comments: (0)

Join us at Money20/20 Europe 2024 - 4-6 June, Amsterdam | Use code FEX200 to save €200 on your tickeFinextra PromotedJoin us at Money20/20 Europe 2024 - 4-6 June, Amsterdam | Use code FEX200 to save €200 on your ticket