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:

Sign up to our newsletters

More in News

Latest Citadel trick allows RDP access after malware's removal

Latest Citadel trick allows RDP access after malware's ...

Trusteer, an IBM company, said the new Citadel configuration was detected this month.

Cryptoblocker variant emerges, encryption differs from CryptoLocker

Trend Micro has detected a variant of CryptoLocker in the wild that relies on the advanced encryption standard.

Jimmy John's sandwich chain investigating possible breach

Some financial institutions have indicated that credit cards recently used at Jimmy John's locations have been used to make fraudulent purchases.