A look at the TJ Maxx Data Security Fiasco
The banks win.
The TJX retail chain has agreed to pay $9.75 million to the states after a huge data breach that exposed the personal information of millions of cardholders to identity thieves. They have also agreed to implement and maintain a “comprehensive information security program”, supposedly designed to safeguard consumer data at TJX. Since they already attested that they were complying with the Payment Card Industry (PCI) data security standards, why should consumers believe them now?
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