Breach In Spain, Credit Card Issued Again in Finland

It is a sign of the interconnect world we live in.  A credit card breach revealed in Spain is forcing banks in Finland to re-issue credit cards.

Details of the breach are still sketchy, but according to the linked article:

• The large volume of cards affected may mean “the criminals have managed to gain access to payment processing data”
• Nearly 10,000 customers of The OP Bank Group were affected, with one thousand cards re-issued
• Handelsbanken, Sampo Bank, and Ålandsbanken are also re-issuing cards

It’s noted that such breaches happen “nearly on a weekly basis,” but that this latest episode is one of the largest in European history.

Opinion

What can I say?  There’s nothing inherently wrong with the statement that such things happen on a weekly basis.  And by “nothing inherently wrong” I mean that it doesn’t fall far from the truth.  Interestingly enough, you normally can’t get banks to admit to it.

They’ll usually point towards their latest data security installations, data loss prevention (DLP) solutions, encrypted data, etc., and state how they’re sure they can avert any attacks.  Those Scandinavians…they’re too honest.

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