T.J. Maxx Probe Reveals Data Breach Worse Than Originally Thought - InformationWeek

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T.J. Maxx Probe Reveals Data Breach Worse Than Originally Thought

The retailer's parent company believes portions of the credit and debit card transactions at its U.S., Puerto Rican, and Canadian stores from January 2003 through June 2004 were compromised.

Overseas, TJX's investigation found evidence of an intrusion to the portion of its computer system that processes T.J. Maxx customer transactions in the United Kingdom and Ireland. While TJX is concerned that customer data was stolen as a result of this cyberattack, the company can't confirm any unauthorized access to customer data or any theft of customer data from T.J. Maxx.

Customer data in the retail sector has proven to be much in demand among cyberattackers. The Stop & Shop supermarket chain late last week revealed that it had discovered some tampering of checkout lane Electronic Funds Transfer units -- the PIN pad that customers often use to make purchases -- at two Rhode Island stores that may have led to the theft of credit and debit card account as well as PIN information. Stop & Shop says it has performed an inventory and inspection of EFT units in all of its stores in response to the discovery of the EFT unit tampering. The company subsequently discovered evidence of payment device tampering at three other Rhode Island locations and one store in Massachusetts, but it hasn't received reports of any fraudulent transactions at those locations.

In her comments Wednesday regarding TJX's financial performance, Meyrowitz noted that the company lowered costs and reinvested some of these savings in increased marketing and more effective advertising campaigns. Looks like a large portion of that money should've gone to improvements in the company's IT security.

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