Credit Card Data, A Hack, And A Rush To Contain The Damage
Larry Greenemeier writes on InformationWeek:
TJX was refreshingly forthcoming about last month's computer hack, but the company's troubles may be just beginning as it works with investigators to sort out what happened. The retailer could face penalties under Visa's and MasterCard's Payment Card Industry data security standard, which stipulates that cardholder information must be protected.More here.
Given TJX's size--its assets include 826 T.J. Maxx, 751 Marshalls, and 271 HomeGoods locations--the security breach into the portion of its computer network handling credit card, debit card, check, and merchandise return transactions is proportionately worrisome. The company knows some customer information was stolen but admitted in a statement that the extent of the theft is unknown.