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Heartland and MasterCard Settle

DATA THEFT—U.S.

May 20, 2010

In its third settlement related to a 2008 data breach, Heartland Payment Systems has agreed to pay out up to $41.1 million to MasterCard issuers that lost money as a result of the breach, reports PCWorld. Affected financial institutions have until June 25 to agree to the deal, the reports states. Heartland's data center was hacked in a string of data thefts resulting in the exposure of payment transactions and more than $100 million in costs so far.
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