banking

11 data breaches that stung US consumers

Heartland

Year: 2009

Affected: 130 million cards

Cost: $2.8 billion (Ponemon Institute estimate)

What happened: Heartland Payment Systems, a credit card processor, had its computer network compromised. "Heartland was an example that even when you have reasonable procedures, it doesn't necessarily negate data breaches," Ponemon said.

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Allison Ross

CFPB: Send prepaid card complaints

The Consumer Financial Protection Bureau wants to hear consumers' complaints about prepaid cards and other nonbank products like debt settlement services, credit repair services, and pawn and title loans. The move will give consumers "a greater voice in these market and a place to turn to when they encounter problems," CFPB Director Richard Cordray says  ... Read more

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