Home / Knowledge / News / Textiles / New Jersey AG enters into multi-state settlement with TJX Companies

New Jersey AG enters into multi-state settlement with TJX Companies

24
Jun '09
Attorney General (AG) Anne Milgram announced that New Jersey has entered into a multi-state settlement with TJX Companies, Inc. that resolves an investigation into the discount retailer's data storage and data security practices. The multi-state investigation was launched after two large-scale incidents in which customer data – including credit card information – was accessed by hackers.

Under terms of the settlement TJX, which operates such popular off-price retail outlets as TJ Maxx, Marshalls and HomeGoods, has agreed to pay the participating states a total of $9.75 million. New Jersey, one of 11 states to serve on the multi-state group's Executive Committee will receive $431,609.

View settlement agreement
In addition to the payments, TJX has agreed to install and maintain a comprehensive Information Security Program that assesses internal and external risks to consumers' personal data, provides safeguards designed to protect that data, and regularly monitors and tests the effectiveness of those safeguards. The security program must be in place within 120 days of the settlement agreement's effective date. TJX must also obtain a third-party assessment of its Information Security Program and report regularly to the states on the program's performance.

“This is an important settlement, because it requires TJX to upgrade and strengthen its data security systems to a level commensurate with the size and complexity of its operations,” said Attorney General Milgram. “TJX is a major national and international retailer, and consumers who shop at its various stores should be able to do so with confidence that their credit card and other personal information is protected.”

In 2007, TJX announced that intruders had obtained unauthorized access to its computer systems in the two previous years, enabling them to seize cardholder data and other personal identifying information.

Specifically, the company disclosed that hackers had successfully intruded on data stored in the main server at TJX's Framingham, Mass. headquarters between July and November 2005, obtaining hundreds of thousands of names, addresses, social security numbers, military ID numbers and drivers' license numbers.

The company also disclosed that, between May and December 2006, hackers had captured consumer credit card data while it was in transit between TJX stores and the authorizing banks. It was estimated that at least 100 million credit card transactions had been compromised by the activity. There is no indication that New Jersey consumers were the victims of actual identity theft as a result of either breach.

In the wake of the TJX announcement, a coalition of Attorneys General conducted an extensive investigation into data security policies and procedures that had been in place at TJX when the breaches occurred.

The investigation uncovered a number of vulnerabilities and flaws in TJX's data security systems.


Must ReadView All

Pic: Better Work

Apparel/Garments | On 24th Oct 2020

Positive change in Cambodian garment sector due to ILO BWP

Cambodian factories receiving the full package of services by Better...

Pic: Awaj Foundation

Apparel/Garments | On 24th Oct 2020

COVID erodes income of a third of Bangla apparel workers

Nearly a third of Bangladeshi garment workers suffered loss of...

Pic: Ralph Lauren

Fashion | On 24th Oct 2020

Ralph Lauren, Parity.org convene group to close gender gap

Ralph Lauren, which designs and markets premium lifestyle products,...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Abhishek Samdaria, Reflete

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Davide Maccabruni,

Davide Maccabruni

Schärer Schweiter Mettler (SSM) manufactures and supplies textile...

Abhishek Ralli,

Abhishek Ralli

Guide group is a government recognised manufacturing house engaged in the...

Eric Schoeller,

Eric Schoeller

Groz-Beckert is the world's leading provider of industrial machine...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search