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$4M Settlement in Heartland Breach

DATA THEFT

May 10, 2010

A Texas federal court gave preliminary approval of a $4 million settlement in a consumer class action lawsuit against Heartland Payment Systems Inc., reports Computerworld. The settlement will add to the more than $100 million in costs that Heartland has already paid out for a January 2009 data breach that occurred when cyber-thieves attacked its data center. The proposed settlement would bring payments of up to $175 to individuals for out-of-pocket expenses, up to $10,000 for victims of breach-induced identity theft and $2.4 million to be set aside to fund future claims. Any unclaimed funds would be donated to a nonprofit consumer privacy organization, the report states. The final hearing is scheduled for December.
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