Details of the TJX breach

Friday, 17 August 2007, 10:21 AM EST

TJX will be glad when this year is over. The $17 billion-a-year parent company of T.J. Maxx, Marshall's, and several other discount retail chains has spent the past eight months dealing with the largest breach of customer data in U.S. history, the details of which are starting to come to light.

Last December, TJX says it alerted law enforcement that data thieves had made off with more than 45 million customer records. Since that time, at least one business, Wal-Mart, has lost millions of dollars as a result of the theft, while TJX has spent more than $20 million investigating the breach, notifying customers, and hiring lawyers to handle dozens of lawsuits from customers and financial institutions.

At InformationWeek.

[ Read more ]




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