Articles Tagged with "Heartland"


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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 lawsuit plaintiffs go after acquiring banks’ deep pockets

January 21, 2010 from: Office of Inadequate Security

The $60 million settlement offer announced by Visa and Heartland Payment Systems seems in jeopardy of falling apart as lawyers for some of the banks file a new lawsuit against Heartland’s acquiring banks and urge rejection of the settlement offer.

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Proposed VISA/Heartland Data Breach Settlement May Pay Banks and Credit Unions Pennies on the Dollar – plaintiffs

January 20, 2010 from: Office of Inadequate Security

Banks and credit unions that issued VISA payment cards compromised by the Heartland Payment Systems data breach, the largest data breach in history, should carefully review the proposed settlement between Heartland and VISA.

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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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From the Web

Looking back on 2009

January 03, 2010 from: Office of Inadequate Security

The breach of Heartland Payment Systems grabbed the headlines for much of the year and the entire population of Belize had their birth details stolen when a government employee left a laptop in a car, but what else went on?

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Heartland to pay up to $2.4 million to settle cardholder class action suit

December 21, 2009 from: Office of Inadequate Security

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.

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Heartland pays Amex $3.6M over 2008 data breach

December 17, 2009 from: Office of Inadequate Security

Heartland Payment Systems will pay American Express $3.6 million to settle charges relating to the 2008 hacking of its payment system network.

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Judge dismisses shareholder lawsuit against Heartland (updated)

December 09, 2009 from: Office of Inadequate Security

A U.S. District Court judge in New Jersey has tossed out a class-action lawsuit filed by shareholders against Heartland Payment Systems, the credit card processor announced Wednesday.The judge granted Heartland’s motion to dismiss the action, which was filed in the wake of Heartland’s massive breach that was reported earlier this year, according to a company statement. No reason wa...

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Gonzalez to plead guilty in NJ

December 08, 2009 from: Office of Inadequate Security

An admitted computer hacker charged in the nation’s largest-ever data breach has told federal prosecutors in New Jersey that he plans to plead guilty in connection to the alleged theft of more than 130 million credit card numbers.

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Heartland Payment Systems Reports Third Quarter Financial Results

November 03, 2009 from: Office of Inadequate Security

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 charges related to settlement offers made by the Company i...

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Confirmed: Thousands of Hotmail passwords leaked online

October 05, 2009 from: Office of Inadequate Security

An anonymous user posted details of the accounts on October 1 at pastebin.com, a site commonly used by developers to share code snippets. The details have since been removed but Neowin has seen part of the list posted and can confirm the accounts are genuine and most appear to be based in Europe. The list details over 10,000 accounts starting from A through to B, suggesting there could be addition...

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Commerce Bank replaces cards compromised in Heartland breach

September 18, 2009 from: Office of Inadequate Security

Dan Margolies reports that Commerce Bank in Kansas City is first replacing credit cards after a recent small wave of fraudulent activity was reported. The compromised cards were involved in the Heartland Payment Systems breach disclosed in January 2009.

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