Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
TJX hacker to plead guilty to breaches
BOSTON (12/10/09)--The man responsible for the TJX Cos. data breach in 2007 and 2008 has agreed to plead guilty to two of the largest data breaches in history--the Heartland Payment Systems and Hannaford Bros. grocery chain breaches--as well as breaches at 7-Eleven stores. According to a filing on Dec. 2 with the U.S. District Court in New Jersey, where the Heartland charges were brought in August, Albert Gonzalez, 28, of Miami, Fla., has entered into a plea agreement (Reuters Dec. 9 and wired.com Dec. 8). The hacking compromised millions of cards and accounts, and caused headaches and losses for thousands of credit unions and other financial institutions, spawning class action lawsuits against the companies breached. The breaches also raised questions about the effectiveness of payment card industry security standards and who should pay for losses incurred when financial institutions had to reissue cards to millions of consumers. A federal judge Tuesday transferred the New Jersey case to Massachusetts, where Gonzalez is seeking to merge the case with two others in which he already has entered guilty pleas. In the New Jersey charges filed in August, Gonzalez and two unnamed Russian hackers were accused of stealing more than 130 million debit and credit cards from Heartland, a card-processing company, and the retailers. A former Secret Service informant, Gonzalez was charged with 10 other suspects in May 2008 in New York and August 2008 in Massachusetts with hacking TJX, OfficeMax, Dave& Buster's restaurants, and others. Gonzalez pleaded guilty to the charges and was to be sentenced Dec. 21 in Massachusetts on both cases. He faces 15 to 25 years in prison on the earlier charges.
Other Resources

RSS





print
News Now LiveWire
As expected, @TheNCUA #RBC2 plan is in today's Federal Register. Comment deadline is April 27. Proposal here: http://t.co/d80aXrRi9e
18 minutes ago
Through the snow, be on the lookout for a @CU4Kids @CMNHospitals @COOPFS billboard in @TimesSquareNYC this week
15 hours ago
.@CUNA , trades unite to urge Congress on #datasecurity action http://t.co/gzmZGX9nfF
18 hours ago
State of Wash. @dficonsumers has expanded its CAMEL ratings to include an "S" for interest-rate sensitivity.
18 hours ago
.@HUDgov tweets: Be sure to tune in tonight to watch @SecretaryCastro on @TheDailyShow with Jon Stewart http://t.co/B1L23NQaoJ
18 hours ago