Articles Tagged with "PCI"


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Heartland Payment Systems and Visa Inc. Announce Acceptance Rate of Over 97 Percent for Data Security Breach Settlement Agreement

February 05, 2010 from: Office of Inadequate Security

Financial institutions representing more than 97 percent of eligible Visa-branded credit and debit cards have accepted the Alternative Recovery Offers they received pursuant to the settlement entered into by Visa Inc. (NYSE:V), Heartland Payment Systems® (NYSE: HPY) and Heartland’s sponsoring acquirers last month. This level of acceptance fulfills the 80 percent opt-in condition that was...

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Heartland in $60 mln settlement agreement with Visa

January 08, 2010 from: Office of Inadequate Security

Heartland Payment Systems Inc (HPY.N) said it reached a $60 million settlement agreement with Visa Inc (V.N), under which it will pay issuers of Visa-branded credit and debit cards for data security breach claims.

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Heartland breach shows why compliance is not enough

January 06, 2010 from: Office of Inadequate Security

The [Heartland] intrusion led to the “stark realization that passing a PCI security audit does not make a company secure,” said Avivah Litan, an analyst at research firm Gartner Inc. “This was known well before the breach, but Heartland served as a big pail of ice water thrown on the face of companies complying with PCI,” she said.

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Massive card processor breach in Spain affecting Europeans

November 18, 2009 from: Office of Inadequate Security

Back in October, this site reported that “tens of thousands” of Swedish banking customers and “tens of thousands” of Finnish banking customers had been affected by a breach in Spain that might involve a card payment processor.

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Call centre recordings could breach payment card industry security rules

October 15, 2009 from: Office of Inadequate Security

More than 95% of call centres were found to store customers’ credit card details in recordings of phone conversations in breach of industry rules, according to a survey conducted by a call recording technology company.

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Heartland CEO: Credit Card Encryption Needed

September 15, 2009 from: Office of Inadequate Security

Grant Gross of IDG News Service reports that in testimony before the Senate Homeland Security and Governmental Affairs Committee yesterday, Heartland Payment Systems CEO Robert Carr was hit with a question about how the payment processor could have been breached for over one year and yet not detected it:

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