Posted on May 31st, 2009 No comments
In the ongoing saga that is the Heartland data breach, a group that tracks such things has now tallied that at least 656 financial institutions have been impacted.“The tally reflects many banks and credit unions with losses of thousands of dollars to fraud, along with the costs associated with monitoring and card replacement, which has led to several class action suits being filed against the payments processor” said the story in BankInfoSecurity.
Heartland Breach Has Now Impacted 656 Institutions
Posted on May 29th, 2009 No comments
While it’s hard to get a handle on just how many consumers were affected by the Heartland Payment Systems (HPY) data breach, the total number of institutions now reporting card compromises is at 656.
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Heartland Update: More than 650 Institutions Impacted
Posted on May 14th, 2009 No comments
Processor says it Has Already Spent $12.5 Million in Fees, PenaltiesThe Heartland Payment Systems (HPY) data breach has already cost the card processor millions in fines from Visa and MasterCard. This news was revealed by CEO Bob Carr in Heartland’s recent earnings call, wherein Carr said the much-publicized breach has already cost the company $12.5 million.
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Heartland Data Breach: MasterCard, Visa Impose Hefty Fines
Posted on May 11th, 2009 No comments
Heartland Payment Systems has apparently decided that being a data breach victim doesn’t mean that it has to be victimized by the card brands. At least that’s the impression from how Heartland CEO Robert Carr is reacting to more than $6 million in fines imposed on it by MasterCard, fines that that he said were illegal and that he plans to “vigorously contest” the fines.Data breach victims pushing back against fines is nothing new, but a processor calling out one of the two largest card brands and doing it during a very public investor conference call, well, that’s a bit different.
Social Security numbers, health insurance information and medical records of 160,000 on hacked servers
University of California Berkeley data loss incident circa 2009-05-08
The chief executive of Heartland Payment Systems said Thursday that the payment processor so far has spent $12.6 million in responding to the massive data breach that was announced in January.
$12.6 million spent so far to respond to Heartland breach
In a conference call with investors, Heartland Payment Systems CEO Bob Carr said the breach directly contributed to the company’s $2.5 million loss for the quarter.
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Heartland breach cost $12.6 million, CEO says
Hospitals and physicians have another three months before they are held accountable for complying with what’s called the “red flags” rule, intended to compel financial institutions and creditors to help prevent identity theft, though doctors have yet to give up arguing that the regulation shouldn’t apply to them in the first place.
Posted on May 4th, 2009 No comments
The back-and-forth compliance dance that is being forced upon Heartland Payment Systems took its latest journey through the PCI Looking Glass Friday (May 1), with Heartland declaring that it has now returned to Visa’s list of PCI DSS validated service providers (aka the list of providers that Visa heartily recommends today but will deny ever having heard if they’re breached tomorrow).The journey began when Heartland was certified PCI compliant April 2008. A few months later, Heartland was severely breached and Visa began its revisionist history dance. Given a public stance that no PCI-compliant merchant or processor had ever been breached, Visa determined that Heartland therefore could not have been truly compliant in April 2008