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follow-up: Heartland data breach triggers class action suit
From: security curmudgeon <jericho () attrition org>
Date: Wed, 18 Mar 2009 08:04:07 +0000 (UTC)
---------- Forwarded message ---------- From: InfoSec News <alerts () infosecnews org> http://www.computerweekly.com/Articles/2009/03/17/235295/heartland-data-breach-triggers-class-action-suit.htm [Heartland Payment Systems trades as: NYSE:HPY - WK] By Warwick Ashford ComputerWeekly.com 17 Mar 2009 Heartland Payment Systems faces a class action lawsuit from investors who claim they lost money following a breach of its debit and credit card processing systems in 2008. The company revealed on 20 January that its systems had been compromised by hackers, exposing card account numbers, expiry dates and data from the card's magnetic stripe. Heartland said in a small number of cases cardholder names were also potentially at risk, but no personal identification numbers had been exposed. An investor has filed a proposed class action in the US district court of New Jersey on behalf of all other investors in Heartland between August 2008 and February 2009. The complaint alleges that Heartland issued false or misleading statements and failed to disclose material adverse facts about its business, operations and prospects during that period. Heartland's shares during that period also declined from $21.84 per share, or approximately 80%, from its high of $27.19 per share in September 2008. [...] _______________________________________________ Dataloss Mailing List (dataloss () datalossdb org) CREDANT Technologies, a leader in data security, offers advanced data encryption solutions. Protect sensitive data on desktops, laptops, smartphones and USB sticks transparently across your enterprise to ensure regulatory compliance. http://www.credant.com/stopdataloss
Current thread:
- follow-up: Heartland data breach triggers class action suit security curmudgeon (Mar 18)
- Re: follow-up: Heartland data breach triggers class actionsuit Sasha Romanosky (Mar 18)