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Genesco (which owns Journeys, Lids, Johnson & Murphy, Dockers Footwear) had a data breach in 2010. Visa fined them over $13 million in PCI penalties.
by dangrossman 12y ago
Genesco (which owns Journeys, Lids, Johnson & Murphy, Dockers Footwear) had a data breach in 2010. Visa fined them over $13 million in PCI penalties.
- jacquesm 12y agoafter the breach. Typically any PCI certified installation that does not self-certify will have something come up in their annual review. That doesn't mean they immediately lose their certification, it means they get 'x' days to fix the the item and then they are no longer in compliance. That's when they might get fined but if a breach occurs the fines are pretty much a given. Fines are extra income for VISA, they typically have no clear relationship to the infraction other than that it is what VISA thinks they can bear or how much they can get away with. Fines have bankrupted companies and big breaches have led to fines that were surprisingly low. It's a lottery, for the most part.