At least 45 million shoppers using credit and debit cards at TJ Maxx and Marshalls have had their card details stolen from hackers, over a period of 4 or more years. This is believed to be the largest breach of consumer information in history.
The theft was disclosed about two months ago, and the parent company of TJ Maxx and Marshalls (owners of over 2,500 discount stores) have released that figure of 45 million cards being compromised- and has even acknowledged the number could get even higher.
The disclosures made March 28th in a regulatory filing reveal that there were security holes that are common among many organizations that are trusted with private consumer data, such as credit card information. TJX failed to delete data from customer transactions promptly, and failed to guard secrets regarding how the data is protected with encryption.
In details provided by Deepak Taneja, a chief executive of a firm called Aveska, that advices companies about issues pertaining to information security, it was determine that TJX records did not indicate when information was deleted or who had access to what portions of information. There was also some question...
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