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Heartland Says Breach Costs It $12.6 Million

Robert Carr, the CEO of Heartland Payment Systems, reported that the processors' 2008 card data security breach has cost the firm almost $13 million.

By David Morrison | Updated on May 07, 2009

Robert Carr, the CEO of Heartland Payment Systems, reported that the processors’ 2008 card data security breach has cost the firm almost $13 million.

But Carr also told analysts and reporters on a conference call that the breach, which took place largely in 2008 but the company made public in January 2009, had not had too much impact on the company’s ongoing operation and growth in some metrics.

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