May
08
Data Breach Cost Heartland Millions
ByHeartland Payment Systems security breach contributed reported Q1 earnings revealing a $2.5 million loss where the data breach accounted for $12.6 million. A large fine levied by MasterCard accounted for most of these costs. CEO Bob Carr said the company’s work to address post-breach fallout was a costly diversion and they are implenting a costly end-to-end encryption system to help prevent future breaches. Click here to read the entire article from Associated Press.
