Visa, MasterCard warn of possible data breach

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MasterCard Inc. and Visa Inc. warned that some of the data in their cardholder accounts may have been breached. MasterCard said that it had notified banks, as well as law enforcement, of a potential problem with a third party “U.S.-based entity.” An independent data security organization is conducting a forensic review, MasterCard said. The company’s own systems haven’t been compromised. Visa said the same. “MasterCard is concerned whenever there is any possibility that cardholders could be inconvenienced and we continue to both monitor this event and take steps to safeguard account information,” the company said Friday in a statement, without specifying how many cards might be at risk. Visa…

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