follow-up: Heartland, MasterCard settle over data breach

[security curmudgeon <jericho () attrition org>]

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.

[..]
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