Kim Zetter reports: Albert Gonzalez, who has admitted hacking into TJX and other companies, has filed a plea agreement in charges that he breached Heartland Payment Systems, Hannaford, 7-Eleven and two other companies. Under the terms of the agreement, Gonzalez, a former Secret Service informant, will plead guilty to two counts of conspiracy to gain…
Category: Financial Sector
Heartland to pay up to $2.4 million to settle cardholder class action suit
Under the terms of the settlement, Heartland says it will pay a minimum of $1 million and up to a maximum of $2.4 million to class members who submit valid claims for losses as a result of the intrusion. The payment processor says it will also shell out $1.5 million for the cost of notice…
UPDATE: France agrees to hand back ‘stolen’ Swiss bank data
From the Agence France-Presse: France said Monday it would agree to a Swiss request to hand back data taken from a HSBC bank branch in Geneva that is at the centre of a row between the two countries. France said Monday it would agree to a Swiss request to hand back data taken from a…
(follow-up) HSBC denies ignored pvt bank whistleblower warning
Reuters reports on another aspect of HSBC-French tax mess: the ex-employee’s allegations that he tried to warn the private bank: IT specialist Herve Falciani, an ex-HSBC employee accused of handing data taken in 2006 and 2007 to the French, told Le Figaro he had passed the information to French tax authorities after it was ignored…
(follow-up) France stands by use of stolen bank data
France’s use of HSBC client data stolen by a former HSBC employer continues to create international tension. France maintains that they have obtained the information legally and can use it, while HSBC and the Swiss government do not see the data as having been legally obtained. Peggy Hollinger reports France said yesterday that it had…
Heartland pays Amex $3.6M over 2008 data breach
Robert McMillan reports: Heartland Payment Systems will pay American Express $3.6 million to settle charges relating to the 2008 hacking of its payment system network. This is the first settlement Heartland has reached with a card brand since disclosing the incident in January of this year. […] This settlement resolves “all intrusion-related issues between the…