How secure is your consumer payment data? Lessons from TJX

by Erin McCune on May 7, 2007

in Security

Did you catch the front page article in Friday's WSJ on the TJX wireless security debacle that led to the largest heist of consumer credit card data ever?

The $17.4-billion retailer's wireless network had less security than many people have on their home networks, and for 18 months the company — which also owns T.J. Maxx, Home Goods and A.J. Wright — had no idea what was going on. The hackers, who have not been found, downloaded at least 45.7 million credit- and debit-card numbers from about a year's worth of records, the company says.

How secure is your network? Are you in compliance with PCI – a set of security standards that were created by the major credit card companies (American Express, Discover Financial Services, JCB, MasterCard Worldwide, and Visa International) to protect their customers from increasing identity theft and security breaches? According to Javelin "with only 32% of even the largest merchants at PCI
compliance, many merchants are still sitting ducks for this type of
attack." If you aren't sure if your company is PCI compliant (gulp!) learn more about PCI at the PCI Compliance Guide here.

Read the WSJ article:

How Credit-Card Data Went Out Wireless Door
Biggest Known Theft Came from Retailer With Old, Weak Security

May 4, 2007; Page A1

Leave a Reply

Previous post:

Next post:

Clicky Web Analytics