Global Payments may have gotten some welcome news when a class action lawsuit against was dismissed last month (Willingham v. Global Payments), and they may have concluded its investigation of the breach they disclosed in March 2012, but they’re not done with problems from the breach, it seems. Law360 reports: Global Payments Inc.’s excess insurer State…
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Magistrate Recommends Dismissal with Prejudice of Claims Against Global Payments
Craig Hoffman writes: Global Payments, which processes credit card transactions, announced on March 30, 2012 that an unauthorized person gained access to a portion of its processing system. Global Payments later disclosed that Track 2 data (card number, expiration date, verification code but not cardholder name or address) of 1.5 million cardholders were taken. Three…
Global Payments revises total breach cost estimates upwards, but wait until you see what *didn’t* cost them
In September, I posted Global Payments’ statement from their quarterly filing that dealt with the costs of a breach disclosed in March 2012. BankInfoSecurity.com has just reported on their most recent filing. Whereas last year, Global Payments estimated the cost of the breach at about $84 million, their current 10-Q filing puts the cost of the…
Global Payments Takes Charge of $84 Million for Data Breach
Andrew R. Johnson of Dow Jones Newswires reports: Global Payments Inc. (GPN) said Thursday a security breach that exposed potentially millions of consumers’ payment cards to fraudsters will cost it $84.4 million. The Atlanta-based company, which processes card transactions for banks and merchants, recorded a pre-tax charge for the amount, equal to 68 cents of…
Brian Krebs: Global Payments Breach Fueled Prepaid Card Fraud
Brian Krebs has more on the Global Payments breach and how it fueled prepaid card fraud. You can read his report on Krebs on Security.
Global Payments breach went on for at least 8 months – revised estimate
Brian Krebs has an update on the Global Payments breach: A hacker break-in at credit and debit card processor Global Payments Inc. dates back to at least early June 2011, Visa and MasterCard warned in updated alerts sent to card-issuing banks in the past week. The disclosures offer the first additional details about the length of the breach since Global Payments…