Jaikumar Vijayan reports: The costs to Heartland Payment Systems Inc. from the massive data breach that it disclosed in January 2009 appear to be steadily adding up. Quarterly financial results released by Heartland last week show that the card payment processor has accrued $139.4 million in breach-related expenses. The figure includes a settlement totaling nearly…
Category: Financial Sector
Email error adds insult to injury
Karin Spaink’s blog summarizes a Dutch data leak: Many people who were duped by DSB Bank going broke, joined the foundation Hypotheekleed (’mortgage pains’). One of them suddenly started to receive e-mails containing the names, data and mortgage information of other members. Apparently, this happened because one of the employees of the foundation entered the…
Check cashing business throws out documents with Social Security numbers
Denae D’Arcy reports: A man made a disturbing find in North Knoxville Thursday evening. Hundreds, maybe thousands, of documents with personal information were dumped behind a shopping center. […] When a 6 News crew arrived at Fast Cash in a shopping center at 5100 Clinton Highway, they found documents scattered around a dumpster behind the…
Visa Warns of Fraud Attack from Criminal Group
Brian Krebs reports: Visa is warning financial institutions that it has received reliable intelligence that an organized criminal group plans to attempt to move large amounts of fraudulent payments through a merchant account in Eastern Europe, possibly as soon as this weekend. In an alert sent to banks, card issuers and processors this week, Visa…
Improper disposal of hundreds of loan applications raises security concerns
Roman Gokhman of the Contra Costa Times reports: The financial and personal details of about 300 property loan applicants were compromised when confidential documents were mistakenly tossed into an outdoor waste bin. The paperwork, belonging to FHG Finance, a home loan business at 548 Contra Costa Boulevard, was discarded last week by a cleaning crew…
Heartland Breach: Consumer Settlement Proposed
Linda McGlasson reports: A proposed settlement of the consumer class action suit brought against payments processor Heartland Payments System got preliminary approval from a U.S. District Court judge in late April. The proposed settlement would create a $4 million pool to pay consumers and settle the case. […] In a “fairness hearing” on April 27,…