Feeds

TJX closes book on infamous security breach with sale

Everything must go

Website security in corporate America

TJX, the discount retailer that was the target of one of the largest information security breaches on record, rewarded customers with a a special sale offering 15 per cent discounts in all its US and Canadian stores on Thursday.

The one-day "Customer Appreciation" sale was billed as the firm's way of expressing its appreciation for customers for retaining their loyalty after it did such a bad job of retaining their records. Two years ago TJX suffered a long-running security breach, later traced as starting off from an insecure wireless network as one of its stores, which resulted in the exposure of 45.7m credit card records, going by conservative estimates. Other estimates put the figure at 94m accounts.

The retailer set aside $118m to cover costs and potential liability arising from the breach in August 2007, later earmarking $40.9m of these funds to settle a lawsuit from banks over hit by fraudulent losses tied to the attack in December 2007. Meanwhile 11 people have been charged with a variety of ID fraud and hacking offences over the breach, some of whom have already pleaded guilty as part of various plea bargaining arrangements. The trials of the remaining suspects are expected to go ahead later this year.

With banks squared off and suspects standing trial, the main order of business for TJX relating to the breach involving winning back the custom of potentially aggrieved punters.

Shoppers across the US and Canada were offered a 15 per cent discount for one day only at any of the TJX outlets, including TJ Maxx, HomeGoods and Marshalls stores. The sale was originally suggested as part of a court settlement with banks over the consequences of the breach. The stipulation failed to make it into the final court agreement, but TJX decided to go ahead anyway, according to US reports.

January sales are, of course, a common way for department stores to clear excess inventory, so the one day sale was hardly too much of an imposition. TJX may even make a profit from the sale, which it no doubt hopes finally closes the book on an inglorious chapter in the retailer's history. ®

Bootnote

The effect of currency exchange movements put a two per cent dint in TJX's sales of $17.7bn last year, the firm said earlier this month. This equates to $354m - treble what it put aside to cover the breach - and perhaps goes a long way towards explaining why the "customer appreciation" sale was not extended to punters in the UK and Ireland, where the retail giant also has stores.

Protecting users from Firesheep and other Sidejacking attacks with SSL

More from The Register

next story
Early result from Scots indyref vote? NAW, Jimmy - it's a SCAM
Anyone claiming to know before tomorrow is telling porkies
TOR users become FBI's No.1 hacking target after legal power grab
Be afeared, me hearties, these scoundrels be spying our signals
Home Depot: 56 million bank cards pwned by malware in our tills
That's about 50 per cent bigger than the Target tills mega-hack
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
UK.gov lobs another fistful of change at SME infosec nightmares
Senior Lib Dem in 'trying to be relevant' shocker. It's only taxpayers' money, after all
Critical Adobe Reader and Acrobat patches FINALLY make it out
Eight vulns healed, including XSS and DoS paths
Spies would need SUPER POWERS to tap undersea cables
Why mess with armoured 10kV cables when land-based, and legal, snoop tools are easier?
Blood-crazed Microsoft axes Trustworthy Computing Group
Security be not a dirty word, me Satya. But crevice, bigod...
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.