Sunday, February 1, 2009

Heartland Payment Systems - Data Breach Fallout

The fallout has officially begun... one of the largest MasterCard franchises in Canada, Canadian Tire, has re-issued 16,000 cards to it customers as a result of the breach. While this was, apparently, largely precautionary - the reality is now staring us in the face. This is costing companies serious dollars to re-issue cards, call customer or send some other notification, and monitor accounts...

I suspect that HPS will be eating the costs of their mis-adventure for years to come, assuming that they somehow manage to miraculously pull through this still in business.

Source: http://www.thestar.com/Business/article/579317

1 comment:

Nick Bell said...

I have also been contacted by my bank that my cards will be reissued! There is also a Class Action that has been filed: http://chimicles.com/case/heartland-payment-systems-data-breach-0

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