follow-up: Security breach cost Heartland $12.6 million so fa

[security curmudgeon <jericho () attrition org>]

http://www.itworld.com/security/67598/security-breach-cost-heartland-126-million-so-far

Security breach cost Heartland $12.6 million so fa
by Ellen Messmer
May 7, 2009, 01:16 PM   Network World

Heartland Payment Systems Thursday reported that the security breach it 
disclosed earlier this year has cost the company about US$12.6 million so 
far, including legal costs and fines from MasterCard and Visa, which 
directly contributed to a $2.5 million loss for the quarter.

Heartland also detailed plans to protect its credit- and debit-card 
processing network with an end-to-end encryption system that it will begin 
rolling out with its merchants in the third quarter.

"We are in a cybercrime arms race," said Bob Carr, Heartland's chair and 
CEO, in explaining why Heartland intends to deploy the custom-built 
encryption equipment.

[..]



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