Heartland breach expenses pegged at $140M — so far
May 10, 2010 by admin
Filed under Breach Incidents, Breach Types, Financial Sector, Hack, ID Theft, Of Note, U.S.
Jaikumar Vijayan reports:
The costs to Heartland Payment Systems Inc. from the massive data breach that it disclosed in January 2009 appear to be steadily adding up.
Quarterly financial results released by Heartland last week show that the card payment processor has accrued $139.4 million in breach-related expenses. The figure includes a settlement totaling nearly $60 million with Visa, another of about $3.5 million with American Express and more than $26 million in legal fees.
Read more on Computerworld.