Heartland Fearless: Sets Aside No Reserve For Breach
Written by Evan SchumanMarch 19th, 2009
Facing dozens of civil lawsuits and almost as many government probes because of a major data breach, Heartland remained Stoic with the SEC this week, telling the financial agency that it had decided to set aside zero funds as a contingency.
The Form 10-K also listed a wide range of agencies probing the breach, including what a few whose Heartland probes had not been public. The list now includes the Federal Financial Institutions Examination Council, the Federal Trade Commission, the Louisiana Department of Justice Office of the Attorney General, the Canadian Privacy Commission and quite a few state Attorneys General.
This Story Is Only Available For Premium Subscribers. Click Or Login In Below To Read The Rest Of This Story.
Already a Subscriber? Login Here
Leave a Reply
Readers, specifically those who want to comment on a story:
Our Comment SPAM system is getting very aggressive these days and has been blocking legitimate comments. If you post a comment and don't see it appear within 2 hours or so, can you please send a heads-up to customer-service@storefrontbacktalk.com? Ideally, please include the time you posted the comment. That will allow us to try and hunt for it. Thanks! P.S. We're working on fixing the system, but we don't want to lose any valuable comments in the meantime.
Our Comment SPAM system is getting very aggressive these days and has been blocking legitimate comments. If you post a comment and don't see it appear within 2 hours or so, can you please send a heads-up to customer-service@storefrontbacktalk.com? Ideally, please include the time you posted the comment. That will allow us to try and hunt for it. Thanks! P.S. We're working on fixing the system, but we don't want to lose any valuable comments in the meantime.
I have strong reservations about the 'individual' certification and posting of that information for merchants. Can you imagine the potential employee poaching that might occur? The implications when competitors can look up how many are certified with each of their competitors? 
-Christine
