TJX To Pay Up To 40.9 Million For Data Breach

TJX To Pay Up To 40.9 Million For Data Breach

TJX will be paying as much as 40.9 million in a settlement with Visa and the bank that processes their credit card payments , says the Associated Press.

The funds will be used to help U.S. credit card issuers such as banks recover costs related to the breach, which may have exposed more than 100 million cards to potential fraud, TJX said.

National Retail Federation: Credit Card Companies Don't Care About Data Security

National Retail Federation: Credit Card Companies Don't Care About Data Security

Last Sunday’s 60 minutes had a report by Lesley Stahl about the now-infamous TJX data breach.

Credit Card Companies Say TJ Maxx Breach Affected 94 Million Accounts

Credit Card Companies Say TJ Maxx Breach Affected 94 Million Accounts

According to new court papers, Visa and Mastercard are saying that the TJ Maxx security breach actually affected 94 million accounts—more than double the amount that TJ Maxx reported.

Guess Who's Not Getting Anything From The TJ Maxx Settlement? You!

Guess Who's Not Getting Anything From The TJ Maxx Settlement? You!

Mouseprint.org has read the fine print and they say you’re probably out of luck when it comes to the TJ Maxx Settlement:

So, it is primarily shoppers who returned goods without a receipt during the relevant period who qualify for that part of the settlement. That amounts to some 455,000 people, a mere 1% of the total number possibly affected. These people have already received a direct notification of the breach from TJX, and will also be entitled to other compensation if they experienced actual losses.

TD Ameritrade Knew About Data Breach Since May

TD Ameritrade Knew About Data Breach Since May

Ameritrade has known about the problem at least since late May when two of its customers sued the brokerage in federal court because they were receiving unwanted e-mail ads on accounts used only for Ameritrade.

Should Consumers Be Notified Of Every Data Breach?

Should Consumers Be Notified Of Every Data Breach?

The report claims that it has “no recommendations,” but the language of the report suggests otherwise. Consumer advocates are taking issue with the GAO’s “not-a-recommendation” of a risk-assessment plan, in part because they believe that every consumer who has been the victim of a data breach should know about it, and also because the connection between data breaches and ID theft is difficult to assess, thus making it somewhat unbelievable that an accurate and useful risk-assessment program could be created.

2.3 Million Customer Records Stolen, Sold To Direct Marketers

2.3 Million Customer Records Stolen, Sold To Direct Marketers

Fidelity National Information Services, a financial processing company, announced today that one of its employees had stolen 2.3 million customer records containing credit card, bank account and other personal information, and sold that information to an unidentified “data broker” who then sold the information to various direct marketing companies.

Congressional Doofuses Don’t Know What To Do About Identity Theft

Congressional Doofuses Don’t Know What To Do About Identity Theft