Last week a small credit union in Maine thought it had seen the last of the Heartland Payment Systems data breach that had affected 261 of its members' credit cards. Officials now report they weren't as lucky as they thought. The number of compromised cards now has tripled, and the fraud reported may top $70,000.
Scores of banking institutions have stepped forward and said they and their customers have been impacted by the Heartland Payment Systems data breach. But what can and should they do to understand and respond to the breach?
In an exclusive interview, Doug Johnson of the American Bankers Association...
The fallout is still coming from the Heartland Payment Systems (HPY) data breach, and banks and credit unions are still dealing with the aftermath. At today's count there are more than 124 banks and credit unions affected by the breach, the number of cards affected topping 250,000.
The big question is: If your...
Identity theft rose by nearly 25 percent last year in the United States, according to a new report released today. The 2009 Identity Fraud Survey Report by Javelin Strategy & Research shows that the number of identity fraud victims increased 22 percent to 9.9 million people being hit, at a total cost of $48 billion.
The number of identity fraud victims has increased 22 percent in the U.S., costing 9.9 million victims a total of $48 billion in 2008.
This is the news from the fifth annual Identity Fraud Survey Report from Javelin Strategy & Research. In an exclusive interview, James Van Dyke, Javelin founder and President,...
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,...
The fraud against 16 credit cards of CU Community Credit Union members over one weekend last November puzzled the credit union's staff. The Springfield, MO-based credit union discovered nearly $11,000 in fraudulent charges against those cards.
At the time, the credit union didn't know what the fraud was related to,...
Twenty-two additional financial institutions have 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 in 2008,...
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.
The news of the Heartland Payment Systems (HPY) data breach gives new meaning to an annual study of what such a breach truly costs a business.
The average cost of a data breach was $202 per compromised record in 2008, according to the Ponemon Institute's Cost of Data Breach study. This represents a 2.3 percent...
This is an example of the heightened insider threat that financial institutions now fear.
A federal grand jury in Maryland has indicted a disgruntled software programmer for planting a virus on mortgage giant Fannie Mae's servers in late 2008. Had the malware not been discovered shortly after the programmer's...
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...
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