About Heartland Payment System Cyber Attack
About Heartland Payment System Cyber Attack
On August 13, 2009, the Payment Cards Center hosted a workshop examining the changing nature of data security in consumer electronic payments.
The center invited the chairman and CEO of Heartland Payment Systems, Robert Carr, to lead this discussion & to share his experiences stemming from the data breach at his company in late 2008 and, as important, to discuss lessons learned as a result of this event.
Carr acknowledged that Heartland is working within the confines of the merchant acquiring and processing environment to address data security through improved information sharing & security of intransigent. The data breach at heartland is very costly for the company.It lost 50 percent of its market capitalization 2009.
It had more than $32 legal fees, forensic costs, reserves for potential card brand fines, and other related settlement costs.
1) Vulnerability : poorly coded Web application software to introduce malicious code into a company's
Systems and network.
validation error to send a malformed SQL query to the underlying database to break
into it.
2) Threat : SQL injections.
3) Risk : Can modifying the database.
4) Assets : Visa, MasterCard, American Express and Discover Card transactions.
( merchant and customer data )
5) possible control: Changed the code in the secure one
It had more than $32 legal fees, forensic costs, reserves for potential card brand fines, and other related settlement costs.
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