Heartland posts Q2 loss

Heartland Payment Systems spent another $19.4 million in the second quarter to respond to the massive data breach it revealed in January. The Princeton, N.J. payment processor previously reported that it doled out $12.6 million in the first quarter -- mostly to cover a MasterCard fine -- as a result of the incident, considered the largest reported breach of all time. Founder and CEO Bob Carr, in a conference call Wednesday, said much of the $19.4 million is to settle claims related to the hacker intrusion. In total, the company bore a net loss of $2.6 million in the second quarter, compared to an $11.5 million net gain in the same quarter last year. — DK

More in News

Privacy-bolstering "Apps Act" introduced in House

The bill would provide consumers nationwide with similar protections already enforced by a California law.

Microsoft readies permanent fix for Internet Explorer bug used in energy attacks

Microsoft is prepping a whopper of a security update that will close 33 vulnerabilities, likely including an Internet Explorer (IE) flaw that has been used in targeted website attacks against the U.S. government.

Weakness in Adobe ColdFusion allowed court hackers access to 160K SSNs

Up to 160,000 Social Security numbers and one million driver's license numbers may have been accessed by intruders.