Wednesday, December 26, 2007

TJX Settles Data Breach Lawsuit

Posted by Plus Master at 11:12 AM
 

TJX Companies have settled with nearly all of the banks and related bank associations over a breach of credit card data.

Terms of the settlement are confidential, but TJX stated that the costs have been covered by a $107 million dollar reserve. In this case, 45.7 million cards were exposed to possible fraud in a breach of computer systems that began in 2005, but wasn’t detected until 2006. The full story can be found here on the International Business Times website.
POSTED IN Recent News Media Liability

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