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follow-up: Hackers Break Into TJX's Bottom Line (fwd)
From: security curmudgeon <jericho () attrition org>
Date: Wed, 15 Aug 2007 13:12:43 +0000 (UTC)
---------- Forwarded message ---------- From: InfoSec News <alerts () infosecnews org> http://www.forbes.com/markets/2007/08/14/tjx-retail-update-markets-equity-cx_jl_0814markets31.html By Joshua Lipton Forbes.com 08.14.07 TJX has learned the hard way that hackers can cause damage to both a company's sense of security and its balance sheet. TJX, which operates discount stores like T.J. Maxx and Marshalls, told traders Tuesday morning that its profit was severely undercut as it absorbed a $118 million charge that resulted from a dramatic breach of customer data. For the second-quarter ended July 28, the company said its net income fell 57.3%, from $59 million, or 13 cents per share, versus $138.2 million, or 29 cents per share, for the year-ago period. The after-tax charge for the data breach totaled $118 million, or 25 cents per share. That charge includes $11 million, or 2 cents per share, for costs incurred during quarter as well as $107 million, or 23 cents per share, for the company's exposure to potential losses. Excluding this charge, adjusted diluted earnings per share from continuing operations for the quarter were 38 cents versus 29 cents for the prior year, a 31% increase. [..] _______________________________________________ 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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