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A Tale of Two Breaches


From: InfoSec News <alerts () infosecnews org>
Date: Mon, 9 Apr 2012 02:56:31 -0500 (CDT)

http://www.bankinfosecurity.com/articles.php?art_id=4658

By Tracy Kitten
Bank Infosec News
April 6, 2012

It's major news: A payments processor is breached, fraud alerts are circulated, security standards are questioned, and banking institutions are left to monitor for signs of financial fraud.

That summary describes the Global Payments Inc. breach, which has captured this week's headlines. But it also summarizes the Heartland Payment Systems breach, which was the major news story of 2009.

Heartland, like Global, is a U.S.-based payments processor. Its breach, revealed in January 2009, impacted an estimated 130 million payment cards and remains the benchmark case for financial cybercrime.

And, more than anyone, Heartland's executives know how long and winding the road to breach recovery can be.

[...]


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