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follow-up: TJX, banks settle litigation over breach
From: lyger <lyger () attrition org>
Date: Wed, 19 Dec 2007 01:57:24 +0000 (UTC)
http://www.businessweek.com/ap/financialnews/D8TK750O0.htm TJX Cos. and nearly all the banks and bank associations that sued the discount retailer over a massive credit card data breach said Tuesday they have settled the lawsuit for an undisclosed amount. Although both sides said the settlement total would remain confidential, TJX said the costs were covered by a $107 million reserve that it set aside against its second-quarter earnings. TJX also has said that $107 million would cover the costs of another breach agreement: a Nov. 30 deal with Visa Inc. to help pay a maximum $40.9 million to help the network's card-issuing banks recover expenses to replace customers' Visa cards. [...] _______________________________________________ Dataloss Mailing List (dataloss () attrition org) http://attrition.org/dataloss Tenable Network Security offers data leakage and compliance monitoring solutions for large and small networks. Scan your network and monitor your traffic to find the data needing protection before it leaks out! http://www.tenablesecurity.com/products/compliance.shtml
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