TJX estimates breach costs at $118 million

TJX estimates breach costs at $118 million
Robert Lemos, 2007-08-14

TJX estimates breach costs at $118 million 2007-08-14
Anonymous (1 replies)

errr... there is an extra The at the paragraph before last, and is the 2009 number accurate or is it 2007 ?...

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Re: TJX estimates breach costs at $118 million 2007-08-14
Robert Lemos (1 replies)

Thanks for pointing out the extra "the". The date, however, is correct. The results are for the second quarter of fiscal 2008, ending July 28. Fiscal 2009 for TJX goes from January 27, 2008 to January 28, 2009. I added more information on this in the article to clarify the dates.

-R...

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Re: Re: TJX estimates breach costs at $118 million 2007-08-14
Anonymous

ok, thanks for the aditional information. I've really enjoyed the series of articles on this story as it is progressing....

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TJX estimates breach costs at $118 million 2007-08-15
Anonymous (1 replies)

reading some other related online news about this incident, i wonder if they are now using tools like Tripwire and some others??...

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Re: TJX estimates breach costs at $118 million 2007-08-15
Anonymous (1 replies)

They are still installing firewalls at store locations. Of course their password policies are still horrible. 6 character passwords to protect customer information. A password cracker will break that in no time, not to mention some systems still use blank passwords. They will never learn, or they ha...

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Re: Re: TJX estimates breach costs at $118 million 2007-08-15
Anonymous (1 replies)

a firewall does not guarantee that their apps will be secured though. they need to pay for real Pro infosec services. i am pretty sure they are paying attention now also with this VISA PCI regulation that is hot all over the world....

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Re: Re: Re: TJX estimates breach costs at $118 million 2007-08-21
Anonymous

I thought that the breach was due to patches or wireless not passwords or firewalls, am I wrong?...

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Is that all? 2007-08-16
Any mouse (1 replies)

$156M total cost divided by 45.6M customer record

gives a whopping $3.42/customer.

That's cheap!

Hell, at that price, forget security, just add 4 bucks on to the cost of any first purchase "newbie value added tax" and don't sweat it!

[attempt at irony, not a troll so point those flamers el...

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Re: Is that all? 2007-08-16
Anonymous

That does seem to be cheap. Considering that PCI can fine something like $50 per card number, and that a number of banks are in a class-action lawsuit to recover the cost of replacement cards, I would expect this number to grow....

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