Heartland Suit Alleges “Inadequate” Security
source: http://information-security-resources.com/2009/02/26/heartland-suit-alleges-inadequate-secur...
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The investigation focuses on allegations that statements made by the Company during that period were false and misleading and failed to disclose or indicate, among other things, that: (1) the Company’s safety and security measures designed to protect consumers’ financial records and data from security breaches were inadequate and ineffective; (2) the Company faced liabilities associated with a breach of the Company’s payment processing network and increasing costs associated with implementing appropriate security measures; and (3) as a result of a breach in the Company’s payment processing network, the Company was at risk of losing customers.
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- News and Politics, Crime
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