Re: TJX breach involved 45.7m cards, company reports

[James Ritchie <james_ritchie () sbcglobal net>]

FTC will eventually get involved with a suit of unfair business practice
as well for failure to take appropriate security measures to protect
sensitive information.  Choice Point and CardSystems settled with the
FTC for $10 million in civil penalties and $5 million for consumer
redress. Both of these companies also have to have an external audit
performed every 2 years, for 20 years, by an independent security expert
to attest to their controls on the systems.



B.K. DeLong wrote:
> Don't forget there's probably a PCI fine as well as the possibility of
> loss of processing rights.  Though, that would kill TJX, (not that
> they're not hurting already).
>
> On 3/29/07, DAIL, ANDY <ADAIL () sunocoinc com> wrote:
>   
> > At $30 per card, that's close to $1.3B just in re-issuance costs, in
> > addition to any fines or lawsuits.  They'll never be able to account for
> > the cost of lost business.
> >
> > I'd wager a comprehensive PCI-DSS program looks like a bargain, in
> > hindsight.
> >
> >
> > -----Original Message-----
> > From: dataloss-bounces () attrition org
> > [mailto:dataloss-bounces () attrition org] On Behalf Of B.K. DeLong
> > Sent: Wednesday, March 28, 2007 9:13 PM
> > To: lyger
> > Cc: dataloss () attrition org
> > Subject: Re: [Dataloss] TJX breach involved 45.7m cards, company reports
> >
> >
> > Finally. Glad we finally know.
> >
> > On 3/28/07, lyger <lyger () attrition org> wrote:
> >     
> > > (Keep in mind that these are credit card NUMBERS, and not PEOPLE...
> > > people often have more than one card.  Attrition's Dataloss Database
> > > (DLDOS) will be updated accordingly)
> > >
> > > http://www.boston.com/business/ticker/2007/03/tjx_breach_invo.html
> > >
> > > At least 45.7 million credit and debit card numbers were stolen by
> > > hackers who broke into the computer systems at the TJX Cos. in
> > > Framingham and the United Kingdom and siphoned off data over a period
> > > of several years, making it the biggest breach of personal data ever
> > > reported, according to security specialists.
> > >
> > > TJX, the Framingham discounter that operates the T.J. Maxx and
> > > Marshalls clothing chains, also reported in a regulatory filing
> > > yesterday that another 455,000 customers who returned merchandise
> > > without receipts had their personal data stolen, including drivers'
> > > license numbers. "It's the biggest card heist ever," said Avivah
> > > Litan, vice president of Gartner Inc. "This was obviously done over a
> > > long period of time, in many locations. It's done considerable
> > > damage."
> > >
> > > [...]
> > > _______________________________________________
> > > Dataloss Mailing List (dataloss () attrition org)
> > > http://attrition.org/dataloss Tracking more than 158 million
> > > compromised records in 609 incidents over 7 years.
> > >
> > >       
> > --
> > B.K. DeLong (K3GRN)
> > bkdelong () pobox com
> > +1.617.797.8471
> >
> > http://www.wkdelong.org                    Son.
> > http://www.ianetsec.com                    Work.
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> > http://bkdelong.livejournal.com             Play.
> >
> >
> > PGP Fingerprint:
> > 38D4 D4D4 5819 8667 DFD5  A62D AF61 15FF 297D 67FE
> >
> > FOAF:
> > http://foaf.brain-stream.org
> > _______________________________________________
> > Dataloss Mailing List (dataloss () attrition org)
> > http://attrition.org/dataloss Tracking more than 158 million compromised
> > records in 609 incidents over 7 years.
> >
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> >     
>
>
>   

-- 
James Ritchie
CISA, MCSE, MCP+I, M-CIW-D, CIW-CI, Inet+, Network+, A+

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