The $60 million settlement announced by Heartland Payment Systems and Visa on Friday didn't come without some provisions (translated: strings attached) for those institutions thinking about taking the settlement offer.
Heartland Payment Systems announced today that it will pay Visa-branded credit and debit card issuers up to $60 million to cover losses incurred from the Heartland data breach. It is the largest known settlement amount ever paid to Visa as a result of a breach, eclipsing the TJX settlement of $40.9 million in November...
2010 is the Chinese year of the tiger - a fitting image for banking/security leaders that must be vigilant against the information security threats that challenge financial institutions and their customers.
To prepare for this New Year, we've prepared a Banking/Security Agenda that looks at fraud, regulatory...
Earlier this week, I blogged on what have been the most popular interviews I've conducted in 2009 - and there have been a lot of them.
Today I'd like to talk about my favorite interviews of the year. And there have been a magnificent seven of those.
This is always a fun exercise.
I spent some time today looking back over all the articles we published (so far) in 2009.
And that number is 891, by the way - an average of just over 17 per week, or three-plus per weekday. But the number that concerned me most is 10 - what have been the top 10 most popular stories...
Heartland Payment Systems will pay $3.6 million to American Express to settle charges relating to Heartland's landmark data breach.
The payment, Heartland says in a press release announcing the settlement, resolves "all intrusion-related issues between the two parties" regarding the breach of an estimated 130...
When it comes to protecting their customers' identities, how do the major banking institutions rate?
Javelin Strategy & Research has just released a new Banking Identity Safety Scorecard that ranks the major institutions. In an exclusive interview about the report, James Van Dyke discusses:
How the scorecard was...
While most people are planning time off from work over the holidays, criminals are working overtime this season on new scams to steal personal data.
The latest fraud schemes come from Connecticut, Hawaii and Oklahoma.
"The more things change, the more things stay the same." This old saying holds true when it comes to the different types of fraud hitting financial institutions.
In 2009, institutions were being hit from every angle with fraud schemes -- some were old, and some were new variations. Here is a roundup of the 10...
The top breaches of 2009 can be described in many ways, but the first word that comes to mind is "big."
With the announcement in January of the breach that surpassed the 2005 TJX breach, Heartland Payment Systems leads all of the hacks that hit or affected the financial services industry in 2009.