Credit Card Data May Have Been Stolen in PlayStation Network Hack

Ugh. Another big security breach that could have repercussions for membership and paywall sites. Sony said yesterday that its PlayStation Network had been hacked,

Ugh. Another big security breach that could have repercussions for membership and paywall sites. Sony said yesterday that its PlayStation Network had been hacked, exposing 70 million users’ personal information, such as name, address, email address and birth date. The company also said that hackers “may” have gotten the credit card numbers subscribers used for the Playstation acounts — but they can’t be sure.If card data *has* been exposed, there could be large-scale account cancellations and card reissues — which means some of the cards in your subscriber file may become invalid and cause billing declines later this year. Such huge breaches have accounted for tens of millions of re-issuances in years past, wreaking havoc on subscription sites and recurring billing merchants.As with the big Epsilon email breach in early April, I’d advise you to keep a close eye on your subscription billing in the next few months to watch for increased payment declines due to invalid card numbers.