TJX Data Shows Up In Massive Credit Card Fraud At Florida Wal-Mart Stores - InformationWeek
IoT
IoT
Business & Finance
News
3/23/2007
04:40 PM
50%
50%
RELATED EVENTS
The Real Impact of a Data Security Breach
Aug 02, 2017
In this webcast, experts discuss the real losses associated with a breach, both in the data center ...Read More>>

TJX Data Shows Up In Massive Credit Card Fraud At Florida Wal-Mart Stores

$8 million in fraudulent purchases uncovered and traced back to T.J. Maxx parent company's data breach.

Data stolen from TJX, the parent of T.J. Maxx and other retailers, has surfaced in Florida, where thieves used it to steal $8 million in merchandise from Wal-Mart stores. The thieves created fake credit cards that they used to buy Wal-Mart and Sam's Club gift cards, and then used those to buy goods in stores in 50 Florida counties, according to the Florida Department of Law Enforcement.

The ring was uncovered after Wal-Mart employees became suspicious of shoppers using multiple gift cards--many of them worth $400--to pay for purchases. Gift cards of $500 or more require customers to show ID. "They knew enough to go through the area of least resistance," says Dominick Pape, the special agent in charge of the case. Law enforcement tracked suspects from transaction records and video footage, arresting six and issuing warrants for four.

The intrusion that started the chain of events likely took place in July 2005. Documents sent by Visa to credit card issuers indicate TJX was storing credit and debit card data in violation of the security standard developed by Visa and MasterCard.

Arkansas Carpenters Pension Fund, which owns 4,500 TJX shares, last week sued TJX to get records showing how it handled computer problems that exposed customer data.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll