Neohapsis is currently accepting applications for employment. For more information, please visit our website www.neohapsis.com or email firstname.lastname@example.org
From: security curmudgeon (jerichoattrition.org)
Date: Thu May 20 2010 - 14:12:21 CDT
Heartland, MasterCard settle over data breach
By Nancy Gohring
May 19, 2010 07:53 PM ET
IDG News Service - Heartland Payment Systems has made a third settlement
deal, this time with MasterCard, related to a massive data breach two
years ago at the card payments processor.
As part of the deal, Heartland has agreed to pay as much as $41.1 million
to MasterCard issuers that lost money as a result of the data breach.
The deal is contingent on financial institutions representing 80% of the
affected MasterCard accounts accepting the offer by June 25. MasterCard is
recommending that issuers accept the offer.
Heartland has already agreed to settlements with Visa, worth $60 million,
and with American Express, for $3.6 million.
Heartland was one of several companies that hackers broke into in 2008,
stealing data about payment transactions that the company processed for
its merchant clients. Some of those merchant customers sued Heartland to
recover costs associated with reissuing cards for affected consumers.
Dataloss Mailing List (datalossdatalossdb.org)
Archived at http://seclists.org/dataloss/
Get business, compliance, IT and security staff on the same page with
CREDANT Technologies: The Shortcut Guide to Understanding Data Protection
from Four Critical Perspectives. The eBook begins with considerations
important to executives and business leaders.