[ insider_reports_insider ]
Heartland Agrees To $60 Million Breach Settlement
Doug Caverly
Staff Writer
2010-01-08
 Insider Reports RSS Feed
The story of the Heartland Payment Systems data breach has come one step closer to reaching a conclusion. As part of a settlement, Heartland's agreed to pay Visa credit card issuers as much as $60 million.
 | | Heartland Agrees To $60 Million Breach Settlement |  |
Heartland's payment system was breached by hackers in 2008. Prior to today, the company had already reached an agreement with American Express over the matter, and with Visa now taken care of, it only needs to come to terms with Discover and Mastercard.
Hopefully, each new settlement will bring additional sets of eyes to bear on Heartland's security precautions.
Ellen Richey, Visa's chief enterprise risk officer, said in a statement, "Helping financial institutions mitigate costs after a data security breach has been a long-standing component of Visa's security strategy, along with promoting new security technologies, preventing fraud and leading efforts to secure sensitive data across the entire payment system."
Bob Carr, Heartland's chairman and CEO, also stated, "At Heartland, we are also committed to helping issuers - as well as all stakeholders in the payment ecosystem - mitigate future risk. We have assumed a leadership position in the development of enhanced data security and fostering the sharing of information."
About the Author:
Doug is a staff writer for SecurityProNews, InternetFinancialNews, SearchNewz, and WebProNews.
More insider_reports_insider Articles
Insider Reports RSS Feed
|
|
iEntry 10th Anniversary
RSS
Archive
