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Heartland Breach: Consumer Settlement Proposed
From: security curmudgeon <jericho () attrition org>
Date: Fri, 7 May 2010 18:06:19 +0000 (UTC)
http://www.bankinfosecurity.com/articles.php?art_id=2498 Heartland Breach: Consumer Settlement Proposed $4 Million Deal Would Cap Individual Claims at $10K May 6, 2010 - Linda McGlasson, Managing Editor 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. The Heartland data breach impacted an estimated 130 million credit/debit cards -- the largest such incident ever reported. In a "fairness hearing" on April 27, U.S. District Court Judge Lee Rosenthal heard from both sides of the class action suit. Several class action suits brought by consumers from around the country were collected into one case in September 2009. The case was heard in the Southern District U.S. Court in Houston, TX. The class action suit alleged that Heartland failed to adequately protect consumers' personal financial information and violated the Fair Credit Reporting Act. It charges Heartland was negligent, and that constituted a breach of express and implied contract, violating various states' data breach notification statutes and consumer fraud and deceptive and unfair trade practices acts. [..] _______________________________________________ Dataloss Mailing List (dataloss () datalossdb org) Archived at http://seclists.org/dataloss/ Get business, compliance, IT and security staff on the same page with CREDANT Technologies: The Shortcut Guide to Understanding Data Protection from Four Critical Perspectives. The eBook begins with considerations important to executives and business leaders. http://www.credant.com/campaigns/ebook-chpt-one-web.php
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- Heartland Breach: Consumer Settlement Proposed security curmudgeon (May 07)