Breach, Data Security

Global Payments now expects to pay $94M for breach costs

Atlanta-based payment processor Global Payments will pay more than anticipated for a 2012 breach in which hackers accessed 1.5 million credit and debit card numbers. Last July, the company believed the cost of the incident would be $84.4 million, but a Tuesday quarterly filing with the Securities and Exchange Commission estimates that costs will be closer to $94 million. In the filing, Global Payments said it was insured up to $30 million for the breach.

Get daily email updates

SC Media's daily must-read of the most current and pressing daily news

By clicking the Subscribe button below, you agree to SC Media Terms of Use and Privacy Policy.

You can skip this ad in 5 seconds