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...
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...
When it comes to regulatory compliance and its intended purpose, I'm a believer. I genuinely believe that if a bank or credit union implements and supports all required controls essential to achieving compliance, they're the better for it, and their account holders can sleep better at night. What you might've missed...
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...
Let's talk about how a big disaster becomes an even bigger one.
On Tues., Jan. 20 - Inauguration Day - Heartland Payment Systems (HPY) President/CFO Robert Baldwin announced the company had been breached sometime in 2008.Heartland, which processes roughly 100 million transactions per month for 250,000 different...
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...
Phishing, malware and the Nigerian 404 scam. These are among the top 2009 agenda items for the M&I Corporation in Wisconsin - not just to fight the threats, but to make customers more aware of them.
Customer awareness is a huge priority for Wisconsin's largest bank, says Scott Coghill, CISM, Vice President,...
Last week the NCUA announced the formation of the National Examination Team (NET) to "enhance the supervisory process in areas where economic conditions have adversely impacted federally insured credit unions." Or as I like to think of this move, the FDIC sneezes, and NCUA catches a cold.
A U.S. payment processing arm of the Royal Bank of Scotland, RBS WorldPay, says that its computer system was hacked in November and personal information on 1.5 million cardholders may have been affected. Only about 100 cardholders were directly affected by fraud, the company says in a public announcement about the...
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