And so it begins. It’s been less than a month since
Heartland Payment Systems revealed they’d been hacked and consumers’ data
stolen and already three class actions suits have been filed.
In the class action suits filed on behalf of consumers the
attorneys involved allege that Heartland failed to safeguard consumer data. In
another lawsuit filed by the Haverford,
PA law firm Chrimicles & Tilellis against Heartland on behalf of an individual
cardholder, the law firm asserts that the credit card transaction processing
company “made unreasonably belated and inaccurate statements concerning the
One of the class action suits has been filed by the Philadelphia law firm
Berger and Montague, a firm involved in a class action suit against TJX that
delivered a $200 million settlement for their claimants. To date, the TJX data
breach, formerly the largest breach on record, has cost the retail giant
somewhere in the neighborhood of $1 billion. In that hacking, 45.7 million
credit card accounts were compromised.
There is still a dearth of information when it comes to how
many credit card accounts were actually affected by the data breach, but it is
known that Heartland processes roughly 100 million credit card transactions
So far, more than 330 financial institutions say they’ve had
to reissue their credit cards because of fraud or the fear thereof. No word yet
on lawsuits on behalf of the banks, but it’s just a matter of time.