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Payment Gateway Slim CD Reports Major Data Breach Affecting 1.7 Million Users

 

Slim CD, a leading provider of payment processing solutions, has disclosed a significant data breach that compromised the credit card and personal data of nearly 1.7 million individuals. Hackers had unauthorized access to the company’s network for almost a year, between August 2023 and June 2024.

In notifications sent to affected clients, Slim CD revealed that the breach was first identified on June 15, 2024. An investigation confirmed that the unauthorized access began on August 17, 2023. However, the most concerning access to credit card information occurred over two days, on June 14 and 15, 2024.

The compromised data includes full names, physical addresses, credit card numbers, and payment card expiration dates. While the absence of card verification values (CVVs) limits the potential for fraudulent transactions, there remains a risk of credit card fraud.

Following the incident, Slim CD has taken steps to enhance its security measures to prevent future breaches. The company advises those affected to stay vigilant for signs of fraud or identity theft and to report any suspicious activities to their card issuers immediately. Despite the severity of the breach, Slim CD has not offered complimentary identity theft protection services to those impacted.

Slim CD provides payment processing services across multiple sectors, including retail, hospitality, and restaurants. Many of those receiving breach notifications may be unfamiliar with Slim CD, as they may not have directly interacted with the company.

Slim CD Data Breach Exposes Credit Card Information of 1.7 Million Customers

 

Payment processor Slim CD has reported a data breach that exposed the credit card and personal information of nearly 1.7 million people.

According to a notification sent to those affected, the company revealed that unauthorized access to its network persisted for almost a year, from August 2023 to June 2024.

Slim CD specializes in providing payment processing solutions, allowing businesses to handle electronic and card payments via web-based terminals, mobile devices, or desktop applications. The firm first noticed unusual activity on its systems on June 15, 2024. During a subsequent investigation, it was found that hackers had infiltrated the network as early as August 17, 2023.

"The investigation identified unauthorized system access between August 17, 2023, and June 15, 2024," the notification stated.

Slim CD clarified that the cyber attackers accessed credit card information over a span of two days, specifically on June 14 and June 15, 2024. "That access may have enabled an unauthorized actor to view or obtain certain credit card information between June 14, 2024, and June 15, 2024," the company noted in the breach notification.

The data potentially compromised includes:
  • Full name
  • Physical address
  • Credit card number
  • Payment card expiration date
Although the exposed information does not include card verification numbers (CVV), and thus isn't sufficient for fraudulent transactions, the risk of credit card fraud remains.

Slim CD has implemented enhanced security measures to prevent future breaches. Additionally, the company advises those affected to stay alert for any signs of fraud or identity theft and to promptly report any suspicious activities to their card issuer.

Unlike some companies, Slim CD has not offered free identity theft protection services to those impacted. While Slim CD's services cater to various sectors, such as retail, hospitality, and restaurants, many individuals receiving these notifications may be unfamiliar with the company, as they have not directly interacted with it.