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Class Action Litigation

1/31/2009
Franklin Gray & White
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Heartland Payments Security Breach

From the Louisville Courier-Journal:

"Employees at Heartland Payment Systems in Southern Indiana were not responsible for a security breach at the company that exposed the names and credit card numbers of customers, a spokesman said yesterday.

The breach also shouldn't have any negative long-term impact on the approximately 550 people who work at the processing center in Jeffersonville, spokesman Jason Maloni said in an interview.

The facility, off Port Road and Ind. 62, is primarily a call center, and Maloni said there could be additional call volume in the coming weeks from customers concerned about the status of their financial information.

Technology security experts predicted this week that the breach could set a record. Retail giant TJX lost 94 million customer records to hackers in 2007. With more than 100 million transactions per month at Heartland, the New Jersey-based company could discover that several months' worth of transactions were captured, said Michael Maloof, chief technology officer at TriGeo Network Security.

Heartland President Robert H.B. Baldwin Jr. said the company found evidence of the intrusion last week and immediately notified federal law enforcement officials as well as Visa and MasterCard.

Baldwin said the only information breached involved card numbers and cardholders' names, or one or the other. Heartland processes card payments for restaurants, retailers and other merchants, including banks. Shares of the company's stock lost 42 percent of their value yesterday, closing at a 52-week low of $8.18."

[Continue Article]

The experienced class action attorneys at Franklin Gray & White represent victims of personal information data theft.  The full truth behind the Heartland Security Breach will soon be known, as investigations are pending. If you or a love one believe that you may have been affected by the Heartland Payment Systems security breach, please contact the class action and complex litigation attorneys at Franklin Gray and White, or email Matthew L. White (mwhite@franklingrayandwhite.com) for a free consultation.

 

Franklin Gray & White

The Speed Mansion

505 West Ormsby Avenue

Louisville, Kentucky 40203

Tel: (502) 637-6000

Toll-Free: (800) 637-6033

Fax: (502) 637-1413

email: mwhite@franklingrayandwhite.com



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