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Author: AzToyMan One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 187  
Subject: Security Breach Date: 2/12/2007 9:55 AM
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This is starting to look interesting. TXJ is going to have to answer to the credit card companies (ex: Visa/MasterCard) for not protecting their customer data. They broke some key tenets of PCI.

More than 30 states are now investigating this issue and are trying to get answers from TJX. Just like sharks, they smell blood in the water. I am curious to see what will come of this. One proposed idea is to have the retailers (TJX in this case) pay to have the accounts professionally cleane up rather than sticking the customers with this mess. (I do like this idea)

I honestly do hope that the states as well as the credit card companies take TJX to the cleaners. Government, organizations, companies, etc need to wake up and start taking data privacy seriously. While not perfect, hopefully the Personal Data Privacy and Security Act of
2007 will be passed into law.
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