According to chief executive Carol Meyrowitz, poor weather in the Midwest and Northeast affected the solid quarter. Slow sales of spring apparel have been affected by strong homewares sales. TJX said intruders unearthed data from credit and debit cards.EBSCO_bspWall Street Journal Eastern Edition...
TJX Reports on Identity Theft.TJX Reports on Identity Theft.This article focuses on the major security breach reported by TJX Cos. in 2005. Since July, computer hackers have stolen 47.5 million credit and debit cards. Because of the technology used by the intruders, the company might never be...
The breach forced the credit union to reissue about 9,000 cards at a cost of roughly $90,000. However, it sent TJX a $590,000 bill, stating that the remaining $500,000 will cover damages to its brand.EBSCO_bspCardline
According to the president and chief executive officer (CEO) of HarborOne, the breach resulted them to block and reissue about 9,000 debit cards at a cost of around $90,000, while the remaining $500,000 they demanded will serve as payment for damaging its reputation as a credit union. ...
Inc. The Massachusetts Bankers Association announced plans to file the suit with co-plaintiffs including Connecticut Bankers Association. The plaintiffs seek to recover damages for costs incurred from reissuing compromised credit and debit cards and fraud losses resulting from the 18-month breach that...
According to the state's Department of Law Enforcement, the thieves created fake credit cards that they used to buy Wal-Mart and Sam's Club gift cards and then used those to buy goods in stores in 50 Florida counties.GreenemeierLarry
It alleges that one of the fraudsters, Damon Partrick Toey, has been pleaded guilty to wire fraud, credit card fraud and aggravated identity theft. The U.S. Justice Department indicted the 11 fraudsters who allegedly breached vulnerable retail card network servers to steal over 40 million ...
Inc. has agreed to settle a dispute over a major credit card data security breach. The settlement was brokered by Visa Inc. on behalf of Visa-issuing banks. TJX disclosed in January, 2007 that its systems had been compromised, placing millions of Visa and MasterCard accounts at risk. The ...
$40.9 million fund for banks that issued credit cards that were exposed in the retailer's security breach earlier this year. The settlement is the discount retailer's second related to a series of lawsuits arising from the breach, in which at least 45.7 million credit card records were ...
The article focuses on the decision of TJX Cos. to pay up to $40.9 million to resolve potential claims by banks that lost money as a result of a massive security breach that compromised millions of credit-card numbers of TJX customers. The agreement was negotiated with Fifth Third Bancorp ...