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[privacy] Insurance Company Reimburses TJX Almost $19 Million For Data Breach
From: "Paul Ferguson" <fergdawg () netzero net>
Date: Fri, 22 Feb 2008 07:22:33 GMT
-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Via StorefrontBacktalk. [snip] In the middle of a better-than-expected earnings report from TJX on Wednesday, the retailer whose databreach of 100 million cards was the worst in credit card history reported that it was paid somewhat less than $19 million by its insurance company. Referring to $178 million the chain had set aside to deal with data-breach-related costs, TJX said that on Jan. 26, 2008, "TJX reduced the reserve by $19 million, primarily due to insurance proceeds with respect to the computer intrusion, which had not previously been reflected in the reserve, as well as a reduction in estimated legal and other fees as the Company has continued to resolve outstanding disputes, litigation and investigations." [snip] More: http://storefrontbacktalk.com/story/022208tjx See also: http://money.cnn.com/2008/02/20/news/companies/bc.earns.tjx.ap/index.htm So much for punishment... - - ferg -----BEGIN PGP SIGNATURE----- Version: PGP Desktop 9.6.3 (Build 3017) wj8DBQFHvng2q1pz9mNUZTMRAn3cAKCdXRJHcZE91XLINXCcA7pGyHM5FgCeNuac uAhXItsvH+71rPLoHVDSLww= =YkQt -----END PGP SIGNATURE----- -- "Fergie", a.k.a. Paul Ferguson Engineering Architecture for the Internet fergdawg(at)netzero.net ferg's tech blog: http://fergdawg.blogspot.com/ _______________________________________________ privacy mailing list privacy () whitestar linuxbox org http://www.whitestar.linuxbox.org/mailman/listinfo/privacy
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- [privacy] Insurance Company Reimburses TJX Almost $19 Million For Data Breach Paul Ferguson (Feb 21)