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

More in News

Researchers observe more than a hundred connections to 'Backoff' sinkhole

Researchers with Kaspersky Lab were able to sinkhole two command-and-control servers used by certain Backoff point-of-sale malware samples.

Judge lifts stay but Microsoft won't hand over emails during appeal

A judge has lifted a suspension of a previous order compelling Microsoft to hand over customer emails stored on a server in Ireland.

Home Depot investigates possible payment card breach

Home Depot investigates possible payment card breach

Home Depot said on Tuesday that it is working with its banking partners and law enforcement to investigate a possible data breach.