AU: Merchant under fire in bank data breach affair speaks out

Charis Palmer reports:

After weeks of speculation surrounding the identity of ‘the merchant’ at the centre of May’s bank data breach which resulted in thousands of credit card cancellations, the head of online retailer Crazy Sales has moved to fend off rumours.

No one can prove 100 per cent that it’s Crazy Sales, said David Yin, owner of Crazy Sales, when asked directly if his company is the merchant that triggered the cancellations of an estimated 10,000 credit cards – including 8,000 by the Commonwealth Bank.

“St George is doing an investigation…all I can say is that it’s under investigation,” Mr Yin told Technology Spectator.

An investigation by Technology Spectator has revealed that St George Bank – the acquiring bank at the centre of the debacle, was recently removed as the credit card provider listed on the Crazy Sales website. Mr Yin confirmed Crazy Sales is currently only accepting payments by PayPal and BPAY as it awaits the results of the bank investigation.

St George isn’t commenting, declining to name the merchant involved, but it did tell AAP it was a compromise at the business’s end.

Read more on Technology Spectator.

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