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,...
As Congress tackles reforming the Federal Information Security and Management Act, known as FISMA, provisions in the new legislation likely will more precisely define responsibility for departmental and agency information security.
In this exclusive interview, cybersecurity expert Paul Kurtz, chief information...
The leather bound marketing brochures, luxurious jets and a cricket championship with a $20 million top prize were all part of what the Securities and Exchange Commission says was a 'massive fraud' on the part of a Houston investment firm.
The Heartland Payment Systems data breach is on everyone's mind, and the case is in the hands now of the Federal Trade Commission (FTC) if it chooses to investigate. While the FTC will neither confirm nor deny a Heartland investigation, staff attorney Alain Sheer does offer his insight on:
How the FTC investigates...
Two Philadelphia law firms have filed class action suits on behalf of all cardholders in the U.S. who had their credit or debit card data stolen in the Heartland Payment System (HPY) data breach. This brings to three the total number of class action lawsuits filed against the Princeton, NJ-based payments processor.
The list of financial institutions impacted by the Heartland Payment Systems (HPY) breach now tops 220. In related news, three men in Florida were arrested earlier this week on multiple charges of credit card fraud, and some of the card numbers they allegedly used are tied to the Heartland hack.
Since the Heartland Payment Systems (HPY) data breach became "The Story," I've been trying to keep my distance from a blogging perspective, as it's being covered quite nicely elsewhere. Besides, I'm the regulatory compliance man in the field, and while this story certainly touches on related issues, it's off to the...
By the latest count, the number of institutions that have informed their card customers and members that they were hit as a result of the Heartland Payment Systems (HPY) data breach has swelled to more than 678.
Heartland, the sixth-largest payments processor in the U.S., announced on Jan. 20 that its processing...
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 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,...
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.
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,...
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