Security breach settlement

July 27, 2009 3:26:31 PM PDT
The parent company for T-J Maxx, Marshalls, and HomeGoods stores has reached a multi-million-dollar settlement with attorneys general across the country. You'll remember TJX Companies Inc was sued over its massive security breach of customer information.TJX will have to pay $9.75-million in a consumer protection settlement with 41 states, including Pennsylvania, New Jersey, and Delaware.

At issue was the largest computer security breach ever reported.

"Every time somebody used a credit card or debit card at store operated by TJX, their information was furnished directly to hackers, compromising the accounts of millions of consumers," said Tom Corbett, the PA Attorney General.

The settlement resolves allegations TJX ignored flaws in its computer network and failed to take sufficient steps to protect customer info.

The settlement money will not go directly to consumers instead; it will fund education programs, prevention, and future investigations.

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