Heartland to pay Amex $3.6m for massive payment breach
Heartland Payment Systems will pay American Express $3.6m to settle claims related to the criminal breach of its payment processing network last year. It's the first settlement Heartland has reached relating to the hacking of its network, which the processor disclosed in January. There's no indication disputes with other card …
So they pay $12.6 m to the card companies for the cost of reissuing cards. Big deal.
The real cost is for the millions of users who have to go through the hassle of replacement and the many thousands who have identities stolen, at very considerable cost to them in time and money.
Where's the compensation for *these* victims, eh Heartland ??
When Heartland can recover all the money it paid out - plus all the extra money they will spend upgrading their security - from the hackers who broke into their systems?
After all, we wouldn't need to bother with security if there weren't dishonest people around.
...what brand of database server the Heartland systems were running? Could it it, something Microsoft based? Inquiring minds....
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