Seven card-issuing institutions seeking recovery of financial losses they suffered after the 2008 breach of processor Heartland Payment Systems Inc. Have taken their case to a federal appellate court. They argue the processor did not take reasonable security measures to avoid a “foreseeable intrusion” into its network that resulted in the theft of an estimated 130 million U.S. payment cards in 2008. The processor settled in 2010 with Visa for $60 million and with MasterCard for $41.4 million.”]
Source: https://www.cuinfosecurity.com/more-litigation-tied-to-heartland-breach-a-5528