Heartland (HPY) Implements E2EE System
From Heartland Payment Systems
“Monday’s successful test involved Zones 1, 2, 3 and 4,” detailed Steven M. Elefant, Heartland’s executive director of end-to-end encryption. “We believe that protecting data in these zones alone will significantly impact the protection of cardholder data.
ISR News: CardSystems Breach Spurs Suit
Excerpts From Digital Transactions
Four years later, the fallout from the notorious CardSystems Solutions Inc. data breach—at the time the biggest hacking of payment card data ever—surfaced last week and looks like it could go on for months or even years. Merchant acquirer Merrick Bank Corp. is suing Savvis Inc., the company that inspected CardSystems before the breach, for alleged negligence because Savvis had concluded that the processor’s security systems met Visa Inc.’s standards.
ISR News: Heartland Fights MasterCard Fine
Excerpts From Finextra
“Heartland therefore considers the MasterCard fine to be in direct violation of both the MasterCard rules and applicable law and it intends and is prepared to vigorously contest and it has recommended to its sponsor banks that they vigorously contest, through all means available including litigation if necessary any liability that may be asserted or imposed upon Heartland or its sponsor banks by reason of this fine,” says Carr.
Heartland Regains PCI Compliant Status
By Anthony M. Freed, Information-Security-Resources.com Financial Editor
Heartland’s removal from the list of compliant payment processors had followed revelations that the company had suffered what may have been the largest data breach of payment card information to date, although details of the incident and similar events at RBS WorldPay (RBS) have not been made available due to ongoing investigations.
ISR News: IBM’s Financial New World Order
Excerpts From Finextra.com
The study predicts significant consolidation in segments wrought with over-capacity - such as investment banking, asset management, and wealth management - as firms adapt to a new lower-margin landscape where they will need to specialise around services that clients value rather than continuing to provide a full range of in-house services. Enhanced regulation and transparency will also eliminate opacity, with previously high-margin activities becoming commoditised.
ISR News: IRS Taps Troubled RBS WorldPay
Excerpts From WashingtonPost.com
The Internal Revenue Service has awarded a contract to process tax return payments for the coming filing season to RBS Worldpay, a company that recently disclosed that a hacker break-in jeopardized financial data on 1.5 million payroll card holders and at least 1.1 million Social Security numbers.
ISR News: US Banks Going Biometric
Excerpts From Finextra.com
A global survey conducted by Unisys last year found that 72% of US citizens would be willing to undergo fingerprint scans to verify their identities when dealing with banks and government organisations.
ISR News: FBI Raids Texas Data Centers
Excerpts From Blog.wired.com
The raids were part of an investigation prompted by complaints from AT&T and Verizon about unpaid bills allegedly owed by some data center customers, according to court records. One data center owner charges that the telecoms are using the FBI to collect debts that should be resolved in civil court. But on Tuesday, an FBI spokesman disputed that charge.
ISMG Launches GovInfoSecurity.com
Press Release From GovInfoSecurity.com
We have a new President, a new Administration, a new session of Congress … and a new national mission throughout government to secure personal data and protect our borders from cyber threats. Information security has never been more important to the federal government - or to all of us, as we conduct personal and professional business in this electronic world.
ISR News: PCI DSS verses Cybercrime
Excerpts From BankInfoSecurity.com
Yvette Clarke, D-NY, Chair of the Subcommittee, admonished the payments industry, saying “The payment card industry and issuing banks should be ashamed about the current state of play and doing everything possible to immediately institute improvements in infrastructure.”
