In what is being called a well-orchestrated ATM card scam, the true extent of RBS WorldPay's public announcement in late December that its computer systems had been hacked in November has been revealed.
You can't get away from this story.
Since we first broke the news about the Heartland Payment Systems (HPY) data breach back on Jan. 21, this story has just dominated conversation in and about our industry.
On our site, the latest news updates and have proven enormously popular.
More than two dozen new institutions have come forward and informed their customers that their credit or debit cards were among those compromised in the Heartland Payment Systems(HPY) breach.
Heartland, the sixth-largest payments processor in the U.S., announced on Jan. 20 that its processing systems were breached...
This is a copy of a letter sent by the Bank of Fayetteville, Fayetteville, AR to a debit card customer on January 22. The bank sent the letter to inform the customer that the debit card may have been among those that were compromised as a result of confirmed unauthorized access to Heartland Payment Systems.
Exactly one week after the Heartland Payment Systems (HPY) breach was first announced to the public, the first lawsuit has been filed against the payments processor.
The class action lawsuit filed Tuesday by Chimicles & Tilellis LLP of Haverford, PA in the U.S. District Court for the District of New Jersey on...
Who will investigate the Heartland Payment Systems (HPY) data breach?
As a non-banking financial services entity, Heartland falls under the auspices of the Federal Trade Commission (FTC). So far, the FTC is mum on the case. "Our policies keep us from either confirming or denying a non-public investigation," says...
The Heartland Payment Systems data breach - it's the first major security incident of 2009. But how big is it really? What are the key takeaways for banking institutions left explaining this breach to their customers?
In an exclusive interview, James Van Dyke, Founder and President of Javelin Strategy & Research,...
So, we were among the first to break the Heartland story when it first broke last Tuesday, and we've continued to follow it closely. After the initial media surge, where we saw news outlets and solutions providers tripping over one another to opine over what they think happened to Heartland and what it all means, here...
Exactly how big was the Heartland data breach?
This is the great unanswered question since last week, when Heartland Payment Systems (HPY), a Princeton, NJ-based credit card processor, revealed that its computer systems had been breached, and an unknown number of credit card account numbers were exposed to...
There are at least six institutions so far that have found out their customers' credit or debit cards could have been compromised as part of the Heartland Payment Systems breach.
Heartland (HPY), the sixth-largest payments processor in the U.S., announced earlier this week that its processing systems were breached...
While the dust is still settling and the forensic teams finish their investigations over at Heartland Payment Systems (HPY), and the line of banks and credit unions begin to form to jump onto the litigation bandwagon because their customers' card were hit in this latest data breach ... one thing jumps out at those of...
Heartland Payment Systems, the sixth-largest payments processor in the U.S., announced Monday that its processing systems were breached in 2008, exposing an undetermined number of consumers to potential fraud.
Meanwhile, Forcht Bank, one of the 10 largest banks in Kentucky, told its customers it would begin...
The combined cost of the TJX and Hannaford data breaches on 75 Maine financial institutions totaled more than $2 million, showing the substantial financial impact of a data breach.
This cost was discovered in a recent study by the Maine Bureau of Financial Institutions and makes the case for more stringent data...
Looking ahead to 2009, banking/security guru Steve Katz quotes the ancient proverb: "May you live in interesting times."
With a new administration, new banking landscape and regulatory changes expected, we live in interesting times, indeed.
From Hannaford Brothers to Countrywide, this year has been full of stories of criminal activity on the Internet, with hackers and phishers wreaking havoc on computer systems and consumers, causing credit and debit fraud numbers to soar.
What does next year hold for fraud against financial institutions? Here are 10...
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