Oy veh!

MasterCard has suffered a major security breach:

MasterCard International Inc. has begun notifying member banks of a security breach which could expose more than 40 million cards of all brands to fraud, according to a person familiar with the matter. The breach involves about 13.9 million MasterCard-branded cards.

MasterCard traced the breach to Tucson-based CardSystems Solutions Inc., a third-party processor of payment card data, which processes transactions on behalf of financial institutions and merchants. (Italics added)

Are we going to have to create an FDA-type agency to assure us that software and services using the internet are safe and beneficial?