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The Federal Trade Commission has approved a final consent order that settles charges an online clothing retailer failed to properly secure its customers' personal information. Thousands of employees at Marks & Spencer are demanding answers after being told they may be at risk of identity fraud following the theft of a company laptop. Card details without the security number are of little use on the internet or
phone, argues expert. TJX Companies revealed late Wednesday in a regulatory filing that hackers stole data from at least 45.7 million credit card holders when they illegally accessed the discount retailer's processing systems during 2005 and 2006. A multimillion-dollar state-wide credit card scam has been uncovered in the US, six arrested and four warrants have been issued. TJX Companies, the parent firm of retailers T.J. Maxx and Marshalls, was hit with a flurry of lawsuits this week resulting from hackers breaching company servers. A number of recent studies have highlighted the security concerns over e-voting machines. Discount retailer TJX, parent of T.J. Maxx and Marshalls, has agreed to a US$24 million settlement with MasterCard over a security breach that left tens of millions of credit card accounts at risk to identity theft. Halloween provided extra scares as some sites were compromised with malware. Organisations that hold personal data should be made liable for fraudulent transactions, say BT security experts. The Government has suspended a civil servant who left top secret documents regarding al-Qaeda on a train on Tuesday.
Hackers infiltrated network systems - potentially accessing the personal details of millions of shoppers - at TJX Companies for a longer period than the discount clothing retailer initially thought. Hannaford Bros. plans to implement millions of dollars of new technology that will effectively overhaul its IT security infrastructure and allow the recently breached supermarket chain to exceed data security requirements, the company and industry experts said. Visa Risk Manager will address fraud losses and help issuers approve a greater number of legitimate credit and debit transactions. A group of New England banking associations contended in a court filing Tuesday that hackers stole 94 million account numbers when they infiltrated the databases of clothing retailer TJX, the Boston Globe reported today. Credit card thieves are taking advantage of the vulnerabilities in small retailers' point-of-sale check-out systems, according to a new report. Chip and PIN credit cards are hitting Australian shores. Negar Salek, demystifies the emerging secure payment technology and its potential benefits. As big business finally gets a hold on security, SMEs relying on off-the-shelf e-commerce tools are easy prey. New England is again the epicenter of a major retail data breach, this time with the Hannaford Bros. grocery store chain on Monday disclosing that hackers stole 4.2 million debit and credit card numbers from its computer systems. Thirty-eight people living in New York have been charged with leveraging stolen consumer data to create bogus credit cards that were then used to purchase high-priced goods, such as computers and televisions, authorities said.