BAI Exclusive: Heartland CIO on Payments Security


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Nov 05 2009 9 mins   1
Steven Elefant Discusses the Breach, End-to-End Encryption

Steven Elefant joined Heartland Payment Systems as a consultant in November 2008. Two months later, the company announced it had been the victim of the biggest reported data hack in history.

Now CIO of Heartland, Elefant appeared at the BAI Retail Delivery Conference & Expo in Boston and sat down with Tom Field to discuss:

The impact of the breach on Heartland;
How Heartland is different today as a result of the breach;
The future of payments security - and why Heartland is betting on end-to-end encryption.

Elefant was the founder of several successful Silicon Valley startup and venture capital firms. He is co-founder and former chief executive officer of ICVerify, Inc., a leader in payments processing integration of PC-based POS software. The company merged with CyberCash, Inc. in 1998 to form an Internet and physical service provider for electronic payments software.

He has been an active member of the US Secret Service Electronic Crimes Task Force for more than six years, as well as the Federal Bureau of Investigation's Infragard Electronic Crimes Task Force for the past five years.