Following revelations of a breach at Tino’s Greek Cafe in Texas, a spokesperson for the Austin Police Department (APD) set off a bit of a firestorm both in the media and backchannel by raising the possibility that the breach might be at Heartland Payment Systems. As reported by KVUE’s Andrew Horansky on August 12:...
The Associated Press reports: MasterCard Inc. said Thursday nearly all of the banks with claims related to a 2008 data security breach have agreed to accept a settlement. The settlement, agreed to by MasterCard and credit card payment processor Heartland Payment Systems Inc., required at least 80 percent acceptance by MasterCard issuing banks. MasterCard...
Linda McGlasson reports: A proposed settlement of the consumer class action suit brought against payments processor Heartland Payments System got preliminary approval from a U.S. District Court judge in late April. The proposed settlement would create a $4 million pool to pay consumers and settle the case. In a “fairness hearing” on April...
Kim Zetter reports: Albert Gonzalez, who has admitted hacking into TJX and other companies, has filed a plea agreement in charges that he breached Heartland Payment Systems, Hannaford, 7-Eleven and two other companies. Under the terms of the agreement, Gonzalez, a former Secret Service informant, will plead guilty to two counts of conspiracy to...
Under the terms of the settlement, Heartland says it will pay a minimum of $1 million and up to a maximum of $2.4 million to class members who submit valid claims for losses as a result of the intrusion. The payment processor says it will also shell out $1.5 million for the cost of...
Cards that were “low-risk” from Heartland breach recently used for fraud. Denis Paiste reports: St. Mary’s Bank is reissuing about 3,500 debit cards it had been monitoring since a security breach at a national processor in January. “We were told they were low-risk cards, but very recently we’ve been seeing some fraudulent activity,” St....
Heartland Payment Systems, Inc. announced a GAAP net loss of $13.6 million or ($0.36) per share for the three months ended September 30, 2009. Results for the quarter are after $35.6 million (pre-tax), or $0.59 per share, of various expenses, accruals and reserves, all of which are attributable to the processing system intrusion, including...
Two stories today take a look at the the master complaint (pdf) filed last month in U.S. Southern District Court in Houston. Linda McClasson of BankInfoSecurity.com provides a timeline and re-hash of the breach that incorporates allegations from the lawsuit, including statements made by Heartland before and after the breach and the statement made...
Jaikumar Vijayan reports: A lawsuit consolidating 16 separate class-action complaints brought by financial institutions against Heartland Payment Systems Inc. has been filed in U.S. District Court for the Southern District of Texas. The amended complaint includes for the first time several statements that Heartland is alleged to have made regarding the controls it...
The Cost Of A Breach, Heartland Style: At Least $129 Million; Might Be $229 Million