And the cash register continues to ring with respect to the Heartland Payment Systems Inc. breach. Heartland disclosed last week in a filing with the Securities and Exchange Commission that it has agreed to pay a maximum of $60 million to Visa Inc. and Visa card-issuing banks to settle claims arising out of the massive… Continue Reading
Tag Archives: Heartland
The real cost of data breaches – Heartland to pay Amex $3.5 million
Posted in Data BreachAccording to its 8-K filing with the Securities and Exchange Commission (SEC), Heartland Payment Systems Inc. has agreed to pay American Express Travel Related Services Co. Inc. just over $3.5 million to settle any claims arising out of a massive payment card data breach. This settlement is likely to be only the first over the… Continue Reading
More on the real cost of the Heartland breach
Posted in Data BreachNearly 10 months after disclosing a months-long data breach that affected millions of consumers, the financial impact of the Heartland data breach continues to unfold. InformationWeek reports that Heartland stock prices plunged more than $500 million following the breach, and while shareholder value has rebounded, other breach related costs have thus far totaled $32 million,… Continue Reading
Security Bits and Bytes
Posted in Data BreachThe Wall Street Journal reports that the CEO of Heartland Payment Systems “gets religion” on security. You’ll recall that Heartland reported what has been called the “largest security breach ever” earlier in the year. Researchers have uncovered a new platform used by cybercriminals to buy and sell batches of zombie PCs and other tools used… Continue Reading
