"cost the company $12 million in the last quarter, [...] The firm expects a similar charge in its second quarter."
Yeah, $17mm is low. They already told Wall Street the total will go to $29mm in a couple of months, and there are several class action lawsuits by banks seeking to recover the costs of re-issuing cards that could add another digit or two to the final number when they're finally resolved.
Yeah, $17mm is low. They already told Wall Street the total will go to $29mm in a couple of months, and there are several class action lawsuits by banks seeking to recover the costs of re-issuing cards that could add another digit or two to the final number when they're finally resolved.
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Link to this comment: http://www.securityfocus.com/comments/newsbriefs/505/1969#1969