Fergie's Tech Blog

TJX Takes $12 Million Hit in First Quarter for Data Breach

Meridith Levinson writes on CIO.com:

The TJX Companies, whose computer systems containing customer credit and debit card information had been hacked, said the impact of that data breach showed up in the discount retailer's earnings for the first quarter.

The company suffered an after-tax charge of $12 million, or 3 cents per share, due to the money the company has been shelling out to investigate and contain the breach, beef up its information security, communicate with customers and pay attorneys.

posted by Fergie @ 5/16/2007 01:34:00 PM