[Dataloss] The cost of doing business?

[Rodney Wise]

Bank groups in 3 states plan to sue TJX over data theft
http://www.mercurynews.com/businessheadlines/ci_5745507
The Associated Press
Article Launched: 04/25/2007 01:50:15 AM PDT

BOSTON (AP) - Bank associations in Massachusetts, Connecticut and
Maine said Tuesday that they will sue TJX over a data theft that
exposed at least 45 million credit and debit cards to potential fraud.

Banks have been saddled with costs to replace cards and cover
fraudulent charges tied to the theft from TJX, the owner of nearly
2,500 discount stores including T.J. Maxx and Marshalls.

On Jan. 17, Framingham, Mass.-based TJX disclosed a breach of its
computer systems by an unknown hacker or hackers who accessed card
data from transactions as long ago as late 2002.
On March 28, TJX said at least 45.7 million of its shoppers' cards had
been compromised.
-- 
Rodney Wise
http://pplriwse.blogspot.com