Re: The cost of doing business?

[J Beebe <j.beebe () cox net>]

Here's a link to the complaint filed by the Mass. Bankers Assoc.
It notes that they and the other 2 bankers assocs. are asking for
"tens of millions of dollars."
https://www.massbankers.org/pdfs/DataBreachSuitNR5.pdf

Should be interesting.
JB

At 03:59 AM 4/25/2007, Rodney Wise wrote:
> Bank groups in 3 states plan to sue TJX over data theft
> http://www.mercurynews.com/businessheadlines/ci_5745507
> The Associated Press
> Article Launched: 04/25/2007 01:50:15 AM PDT
>
> BOSTON (AP) - Bank associations in Massachusetts, Connecticut and
> Maine said Tuesday that they will sue TJX over a data theft that
> exposed at least 45 million credit and debit cards to potential fraud.
>
> Banks have been saddled with costs to replace cards and cover
> fraudulent charges tied to the theft from TJX, the owner of nearly
> 2,500 discount stores including T.J. Maxx and Marshalls.
>
> On Jan. 17, Framingham, Mass.-based TJX disclosed a breach of its
> computer systems by an unknown hacker or hackers who accessed card
> data from transactions as long ago as late 2002.
> On March 28, TJX said at least 45.7 million of its shoppers' cards had
> been compromised.
> --
> Rodney Wise
> http://pplriwse.blogspot.com
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