Cards that were “low-risk” from Heartland breach recently used for fraud. Denis Paiste reports: St. Mary’s Bank is reissuing about 3,500 debit cards it had been monitoring since a security breach at a national processor in January. “We were told they were low-risk cards, but very recently we’ve been seeing some fraudulent activity,” St. Mary’s…
Tag: Heartland Payment Systems
Heartland Payment Systems Reports Third Quarter Financial Results
Heartland Payment Systems, Inc. announced a GAAP net loss of $13.6 million or ($0.36) per share for the three months ended September 30, 2009. Results for the quarter are after $35.6 million (pre-tax), or $0.59 per share, of various expenses, accruals and reserves, all of which are attributable to the processing system intrusion, including charges…
Heartland Breach: Inside Look at the Plaintiffs’ Case
Two stories today take a look at the the master complaint (pdf) filed last month in U.S. Southern District Court in Houston. Linda McClasson of BankInfoSecurity.com provides a timeline and re-hash of the breach that incorporates allegations from the lawsuit, including statements made by Heartland before and after the breach and the statement made by…
Lawsuits over Heartland data breach folded into one
Jaikumar Vijayan reports: A lawsuit consolidating 16 separate class-action complaints brought by financial institutions against Heartland Payment Systems Inc. has been filed in U.S. District Court for the Southern District of Texas. […] The amended complaint includes for the first time several statements that Heartland is alleged to have made regarding the controls it had…
Lawsuit: Heartland Knew Data Security Standard was ‘Insufficient’
Linda McClasson reports: Months before announcing the Heartland Payment Systems (HPY) data breach, company CEO Robert Carr told industry analysts that the Payment Card Industry Data Security Standard (PCI DSS) was an insufficient protective measure. This is the contention of a new master complaint filed in the class action suit against Heartland, which in January…
Commerce Bank replaces cards compromised in Heartland breach
Dan Margolies reports that Commerce Bank in Kansas City is first replacing credit cards after a recent small wave of fraudulent activity was reported. The compromised cards were involved in the Heartland Payment Systems breach disclosed in January 2009. “We are now beginning to reissue some cards that were part of the block of cards…