[Dataloss] The cost of doing business?

[J Beebe]

Here's a link to the complaint filed by the Mass. Bankers Assoc.
It notes that they and the other 2 bankers assocs. are asking for
"tens of millions of dollars."
https://www.massbankers.org/pdfs/DataBreachSuitNR5.pdf

Should be interesting.
JB

At 03:59 AM 4/25/2007, Rodney Wise wrote:
>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
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