WikiLeaks claims court victory against Visa

Discussion in 'Wikileaks' started by Anonymous, Jul 14, 2012.

  1. Anonymous Member
    • Like Like x 2
  2. Anonymous Member

    It's not much of a victory and probably won't make any difference.
  3. The Wrong Guy Member

    Hacked retailers up in arms over $13 million 'fine', Visa lands up in court | ZDNet

    Summary: Visa is being hit with a lawsuit after retailers decided to fight penalties imposed by credit card companies for data breaches.

    Multi-million dollar business Visa is being taken to court by retailers who are less than happy with the imposition of penalties after being victims of cyberattacks.

    Visa is being accused of "punishing" retailers and merchants who find themselves scrabbling to contain data breaches and repair systems compromized as hacking targets. The lawsuit, filed last week in Tennessee by Genesco and first reported by Wired, means that the sports retailer is one of the first to file such a complaint against a money processing system. The lawsuit is centered on self-regulated PCI security standards, which require networks that cope with financial transactions to take particular steps to secure such data -- and if these are not met, result in stringent penalties.

    The court documents (.pdf) state that Genesco protests the fines imposed by Visa of $13,298,900 as the parent company of over 2,400 stores in America and Europe considers the fines "wrongfully imposed and collected."

    At the end of 2010, Genesco admitted its systems had been breached, stating that the system which copes with payment processing was "hacked," and that the details of particular cards may have been compromised. In addition, the retailer stated that immediate action had been taken to contain the threat, which had come only days after MasterCard and Visa were hit with cyberattacks in relation to preventing donations to whistleblower website Wikileaks.

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  4. Anonymous Member

    Visa- Evil Empire
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