Thank you for sharing!

Your article was successfully shared with the contacts you provided.

There is always something to be learned from adverse circumstances, and the Heartland data breach is certainly no exception. This incident provides lessons for credit unions, processors and the individuals committing the fraud. The tens of millions of card accounts that were compromised touched nearly every financial institution, giving everyone a chance to evaluate how they reacted, how their processes worked and how to better respond in the future.

As processors, we are constantly monitoring authorization activity to protect our clients from fraud loss. The Heartland data breach only strengthened our resolve to remain vigilant in our efforts to deter the thieves at every possible moment. For example, our 24/7 monitoring of transaction and testing activity coupled with the sharing of our fraud intelligence helped the industry to identify the Heartland breach and ultimately stop the theft of data.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Peter Westerman


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.