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Heartland Payment System reports 4th Quarter Gains

Posted on February 24, 2009 by Dissent

Of course, the fourth quarter ended before they announced that they had been breached. They had this to say about the breach in their press release today (via Marketwatch):

Clearly our biggest challenge in 2009 will arise from the system breach we suffered. There are two main components to the challenge we face: addressing claims that cardholders, card issuers, the Brands, regulators, and others have asserted, or may assert, against us arising out of the breach and managing the potential impact of the breach on the day-to-day operations of our business. With regard to the first challenge, we intend to vigorously defend any such claims and we believe we have meritorious defenses to those claims that have been asserted to date. At this time we do not have information that would enable us to reasonably estimate the amount of losses we might incur in connection with such claims.

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Category: Financial SectorHackMalwareU.S.

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