In the past, all we had to worry about was our wallet full of cash getting stolen. With so many technological advances, we now have to worry about our credit card numbers, driver’s license information, and social security numbers getting stolen. People are afraid to give out credit card information and their social security number at places that actually need the information for fear of being a victim of identity theft. In recent years, we have heard of several people being victims of identity theft and it happening due to security breaches and people hacking into businesses and stealing personal identification. One of the biggest security breaches of all time is the hacking of TJX Cos. I remember hearing about the TJX breach and how catastrophic it was.
TJX Cos is the discounter that operates the T.J. Maxx and Marshalls chains all over the world. On December 18, 2006, the company learned of suspicious software on its computer. The following day, TJX hired General Dynamics Corp. and IBM Corp. to investigate and by December 21, they resolved that a hacker had broken into the computer systems and had remained active there. The software that was put onto the computers stole at least 100 files that contained data on millions of accounts from systems that process and store transaction information in Framingham and Watford, United Kingdom (Abelson, 2007). The article stated:
TJX believes the hackers last year had the capability to steal payment card data from its Framingham system as transactions were being approved. Even the files TJX tried to protect through encryption may have been compromised because the company believes the hackers had access to the decryption tool. (Abelson, 2007)
It was estimated that 45.7 million credit and debit card numbers were stolen over several years, first accessed on July 2005 and on subsequent dates in 2005 and then from mid-May 2006 to mid-January 2007 but no data was...