« Poll: Why Do You Collect Logs? | Main | The Results are In »
TJX Update: The Drama Continues
It all began in July 2005, the first of many repeated security breaches occurring over 17 months that have reportedly affected more than 94 million separate accounts, according to a story from last Friday in Bank Info Security.
On October 23rd, new documents were filed in the Federal Court in Boston detailing that as many as 96 million customers may have been affected – 65 million VISA victims and 29 million MasterCard victims.
Bank plaintiffs are furious. Daniel J. Forte, president and CEO of the Massachusetts Bankers Association (MBA) noted (http://www.bankinfosecurity.com/articles.php?art_id=234&pg=1) earlier this year: “If we’re successful against TJX, the nation’s major retailers will finally wake up to the fact that not protecting consumer data is an unfair trade practice and that investment in data management systems to protect consumers and shield consumers against fraud and identity theft is required.”
According to The Boston Globe, "TJX already has reached a tentative settlement with attorneys representing consumers who were harmed by the breach, who would receive cash or merchandise vouchers, credit monitoring, and other benefits if the deal is finalized."
Industry analysts are now estimating the costs to TJX ranging from $500 million to $1 billion. How much does a log management solution cost?
Posted October 31, 2007 in | Permalink
TrackBack
TrackBack URL for this entry:
http://www.loglogic.com/mt/mt-tb.cgi/271
November 2007
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 |
Categories
Archives
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
- December 2005
- November 2005
- October 2005
- September 2005