Thread Starter: ItNeverEnds CRCM
Title: Re: Heartland Breach - 600 million affected?
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No we didn't. Our fraud was under the 25k for unknown suspect. We did have another localized merchant breach a year or so before this that was happening when the FDIC was here and they commented that they felt we should file a SAR even though our losses were under the reporting limits. Visa was already involved at that point and I thought what would the point be. I feel the same with Heartland, what would the point of filing SARs when the whole world already knows about it. But if you look at the definitions, it does appear that if it meets the reporting thresholds we should file. Anyone else have any thoughts or experience with this?
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