Hackers Breach Global Payments Network

Credit card payments processing company Global Payments announced last Friday that there was “unauthorized access into a portion of its processing system.” The company identified the problem and reported the situation to authorities, prompting the US Secret Service to launch an investigation. Rumors of the breach caused the company’s stocks to spiral, plunging 9.06 percent to $47.50 by midday, until trading was immediately closed to stop the stock from crashing. The company confirmed the news after the market closed.