Hearland Payment Systems Recertified for PCI Compliance

After reporting one of the largest breaches to date, Heartland Payment Systems was removed from Visa list of PCI DSS Validated Service Providers earlier this year. After being revalidated and submitting a Report on Compliance Visa reinstated Heartland as a PCI DSS compliant service provider in early May.

Heartland recently announced that it expects to take a significant loss in Q3 resulting from more than $12.6 million dollars in fines from Visa and Mastercard, legal fees, and administrative costs. Given that 65% of the cost of a typical data breach is due to lost business from new and existing customers, none of which is included in the $12.6M figure, this may be just the tip of the iceberg for Heartland.

Pained over the cost of compliance? It’s nothing compared to the cost of a breach. Ask Heartland.