The Zacks Analyst Blog Highlights: Visa, Global Payments, MasterCard, American Express & Discover Financial Services - Press ..
03 Aprile 2012 - 10:30AM
Zacks
For Immediate Release
Chicago, IL – April 3, 2012 – Zacks.com announces the list of
stocks featured in the Analyst Blog. Every day the Zacks Equity
Research analysts discuss the latest news and events impacting
stocks and the financial markets. Stocks recently featured in the
blog include Visa Inc. (V),
Global Payments Inc. (GPN), MasterCard
Inc. (MA), American Express Co. (AXP) and
Discover Financial Services (DFS).
Get the most recent insight from Zacks Equity Research with the
free Profit from the Pros newsletter:
http://at.zacks.com/?id=5513
Here are highlights from Monday’s Analyst
Blog:
Visa Shuns GPN for Breach of Data
Visa Inc. (V) has dropped Global
Payments Inc. (GPN) from its list of service providers
after detecting a cyber intrusion in the latter’s system that
likely threatens about 1.5 million customer accounts. This was the
second breach of card data by in a year.
Atlanta-based Global Payments aids both Visa and
MasterCard Inc. (MA) in processing credit card
transactions for merchants. Card giants such as Visa, MasterCard,
American Express Co. (AXP) and Discover
Financial Services (DFS) seek help of over dozen such
payment processors to reach out to the merchants, and hence these
payment processors are liable to offer a secure customer
transaction.
The breach of data was initially reported by
‘krebsonsecurity.com,’ which tracks cyber crimes, on Friday and had
estimated about 10 million card accounts to have been accessed by
the hackers. However, early last month, Global Payments had already
identified breach of card data on its customer accounts that were
causing theft of personal details of the customers along with
fraudulent transactions through their accounts. It is believed that
the hackers have infringed upon the Track 1 and Track 2 data that
incorporate details like customer names, card numbers, validation
codes and customer addresses.
Meanwhile, the federal and banking officials as well as Visa and
other credit card service providers have accused Global Payments
for presenting very less information about the places where the
breach of data took place. Moreover, other details regarding the
identification of the customer accounts that are sufficiently
exposed to cyber threat were kept veiled.
While Global Payments has been strictly recommended to revise
its cyber protection policies and systems, card giants have been
advised by the federal officials to enhance their security
compliances in order to avoid another data attack in future.
This is not the first such case wherein hackers have poached
into the cyber security zone. Some industry giants and global
organizations such as the International Monetary Fund (IMF) and
National Public Radio were the primary ones who faced data attacks
last year. In previous years, too, there have been reports of more
such cases. The latest breach of data issue once again raises
question over the degree of the data protection within the payment
processing industry and also increases the need for a foolproof
regulation to mitigate risks from frauds and money laundering.
Want more from Zacks Equity Research? Subscribe to the free
Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and
qualitative analysis to help investors know what stocks to buy and
which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly
traded stocks. Our analysts are organized by industry which gives
them keen insights to developments that affect company profits and
stock performance. Recommendations and target prices are six-month
time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides
highlights of the latest analysis from Zacks Equity Research.
Subscribe to this free newsletter today:
http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc.,
which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew
he could find patterns in stock market data that would lead to
superior investment results. Amongst his many accomplishments was
the formation of his proprietary stock picking system; the Zacks
Rank, which continues to outperform the market by nearly a 3 to 1
margin. The best way to unlock the profitable stock recommendations
and market insights of Zacks Investment Research is through our
free daily email newsletter; Profit from the Pros. In short, it's
your steady flow of Profitable ideas GUARANTEED to be worth your
time! Register for your free subscription to Profit from the Pros
at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the
performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook:
http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results.
Investors should always research companies and securities before
making any investments. Nothing herein should be construed as an
offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
AMER EXPRESS CO (AXP): Free Stock Analysis Report
DISCOVER FIN SV (DFS): Free Stock Analysis Report
GLOBAL PAYMENTS (GPN): Free Stock Analysis Report
MASTERCARD INC (MA): Free Stock Analysis Report
VISA INC-A (V): Free Stock Analysis Report
To read this article on Zacks.com click here.
Grafico Azioni Discover Financial Servi... (NYSE:DFS)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Discover Financial Servi... (NYSE:DFS)
Storico
Da Lug 2023 a Lug 2024