TJX will pay nearly $10 million to settle data theft lawsuits
June 24th, 2009 joshua
Retailer TJX, which operates TJ Maxx and Marshall’s stores nationwide, has settled on charges it stole the personal data from customers for several years.
The settlement forces TJX to pay more than $9.75 million to states which sued it following the revelation that it stole customer data. TJX admitted no wrongdoing in settling the numerous lawsuits it faced, according to a report from Chicago Tribune.
In 2007, TJX allowed the payment card numbers of tens of thousands of its customers to become available to hackers through a loophole in its security system. More than 45 million card numbers were available to hackers. Experts believe the breach in security actually happened in 2005 but TJX did not report it or notice it for an entire year.
