Global Payments now expects to pay $94M for breach costs

Share this article:

Atlanta-based payment processor Global Payments will pay more than anticipated for a 2012 breach in which hackers accessed 1.5 million credit and debit card numbers. Last July, the company believed the cost of the incident would be $84.4 million, but a Tuesday quarterly filing with the Securities and Exchange Commission estimates that costs will be closer to $94 million. In the filing, Global Payments said it was insured up to $30 million for the breach.

Share this article:
You must be a registered member of SC Magazine to post a comment.

Sign up to our newsletters

TOP COMMENTS