Global Payments: data breach cost a whopping $84.4 million

27.07.2012
Global Payments, which in which information associated with an estimated 1.4 million payment cards was stolen, expenses associated with investigations, fines and remediation has hit $84.4 million.

The Atlanta-based payments-processing firm acknowledged that number as part of its fiscal report for 2012 revenues, which totaled about $2.2 billion, up 18% from $1.82 billion in 2011.

In describing the completion of our data intrusion investigation, the company stated it had a pre-tax charge of $84.4 million, noting this includes an estimate of charges from the card brands and investigation and remediation expenses. A qualified security assessor is conducting the independent review required to return the company to the lists of PCI-compliant service providers.