Adobe Hack – Has the time come to review the Payment Policies adopted by major corporates’?

Is your Credit card Number part of the 2.9 millions list?

If you purchase Adobe products directly through or through a re-seller, your Credit Card details have to be shared with Adobe for a valid subscription plan.

The most popular Adobe Subscription plans are the month-on-month plans or the 12 month plans. In both the plans the billing is automated and your credit card is billed as per the applicable rate.

As part of the credit card verification process, a $1 charge from Adobe reflects on the consumers’ credit card statement.

The $1 transaction is a security check to confirm that the credit card used is valid and not reported as lost or stolen. The transaction isn’t charged to your account, and once your credit card company verifies it, Adobe removes it.

This is where the problems start. As a common payment practice the Credit Card details are stored in the company servers, be it Adobe or any company operating the monthly/yearly billing plan. As this is well known, the hackers obviously try to obtain the information for illegal usage later on.

Has the time come to review the Payment Policies adopted by major corporates? The point is who will bell the cat?

Virtual Credit Cards are not the option, as the Virtual Credit Cards are designed for a ‘one time use’ and expire within a specific time period.

Maybe a new category of Virtual Credit Cards-tagged to a specific corporate should be explored, only for recurring payments.



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