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 - Analyst Report) , Global Payments Inc. (GPN - Snapshot Report) , MasterCard Inc. (MA - Analyst Report) , American Express Co. (AXP - Analyst Report) and Discover Financial Services (DFS - Analyst Report) .
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: https://at.zacks.com/?id=5513
Here are highlights from Monday’s Analyst Blog:
Visa Shuns GPN for Breach of Data
Visa Inc. (V - Analyst Report) has dropped Global Payments Inc. (GPN - Snapshot Report) 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 - Analyst Report) in processing credit card transactions for merchants. Card giants such as Visa, MasterCard, American Express Co. (AXP - Analyst Report) and Discover Financial Services (DFS - Analyst Report) 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: https://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: https://at.zacks.com/?id=5517
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 https://at.zacks.com/?id=5518.
Visit https://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.
Zacks Investment Research
800-767-3771 ext. 9339