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follow-up: Heartland, MasterCard settle over data breach
From: security curmudgeon <jericho () attrition org>
Date: Thu, 20 May 2010 19:12:21 +0000 (UTC)
http://www.computerworld.com/s/article/9176999/Heartland_MasterCard_settle_over_data_breach Heartland, MasterCard settle over data breach By Nancy Gohring May 19, 2010 07:53 PM ET IDG News Service - Heartland Payment Systems has made a third settlement deal, this time with MasterCard, related to a massive data breach two years ago at the card payments processor. As part of the deal, Heartland has agreed to pay as much as $41.1 million to MasterCard issuers that lost money as a result of the data breach. The deal is contingent on financial institutions representing 80% of the affected MasterCard accounts accepting the offer by June 25. MasterCard is recommending that issuers accept the offer. Heartland has already agreed to settlements with Visa, worth $60 million, and with American Express, for $3.6 million. Heartland was one of several companies that hackers broke into in 2008, stealing data about payment transactions that the company processed for its merchant clients. Some of those merchant customers sued Heartland to recover costs associated with reissuing cards for affected consumers. [..] _______________________________________________ Dataloss-discuss Mailing List (dataloss-discuss () datalossdb org) Archived at http://seclists.org/dataloss/ Get business, compliance, IT and security staff on the same page with CREDANT Technologies: The Shortcut Guide to Understanding Data Protection from Four Critical Perspectives. The eBook begins with considerations important to executives and business leaders. http://www.credant.com/campaigns/ebook-chpt-one-web.php
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- follow-up: Heartland, MasterCard settle over data breach security curmudgeon (May 21)