Tjx Companies

Satisfactory Essays
Week 5 Checkpoint – TJX Companies
IT/205
Joshua Bailey The credit card data theft that TJX Companies experienced happened because they were using WEP wireless security, which is the weakest form of wireless encryption today, and hackers could access the credit card data easily. If TJX had taken the time to implement a stronger encryption method, thousands of dollars would have been saved by the company. Proper site surveying could also have prevented the attackers from making a breach. TJX Companies had other weaknesses. They allowed certain people to use USB devices in their computers. Someone could easily steal data on a USB device and use it. Also they didn’t have a firewall preventing data from intrusion to the main company. They could have had something set up where access to records could not be accessed from specific computers. They also had no virus scanning software on their computers. TXJ didn’t implement any data encryption to their systems data.. Using data encryption algorithms makes it harder for hackers to decipher any stolen information.
The hacking and theft of the credit card data of TJX Companies was a severe loss to the company and to their customers, seriously tarnishing the company’s reputation. With the lawsuits and insurance claims, millions of dollars were lost and surely TJX Companies is feeling the repercussions from this incident and have learned a valuable lesson if they are still in business. The cardholders had to have gone through a financial burden and suffered the most. TJX Companies must be accountable from the loss and proper measures have to be applied to secure any company from

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Tjx Companies

    • 398 Words
    • 2 Pages

    TJX corporate systems had poor security controls. The computer kiosks that were located in some of their stores were supposed to be secure. They also had some firewall protection. TJX wireless network was protected by WEP encryption system. The computer kiosks were poorly secured; the kiosks were accessible from the back which made them vulnerable to tampering. The computer firewalls set up did not block malicious traffic coming from the kiosks. The wireless network used an old encryption…

    • 398 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Tjx Companies

    • 266 Words
    • 2 Pages

    TJX Companies Jim Blackwood IT/205 January-9th, 2013 Gelonda Martin TJX Companies The TJC Corporation failed to protect its customers by allowing one of the largest security breaches in history. In 2007 they announced that an unauthorized user had accessed their system and compromised over 40 million customers’ data such as credit cards, debit cards and personal pin numbers. TJX was using an older security protocol called WEP which had proven to be easy to access by hackers and had…

    • 266 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The Tjx Company

    • 344 Words
    • 2 Pages

    The TJX company did not have many security controls put in place to prevent something like this from happening. The company used Wired Equivalent Privacy encryption system to handle their client’s credit and debit card information. This system was very easy for any hacker to gain access to people’s information. It was completely out of date and did not encrypt anything within the company, which made it more vulnerable. They did not install firewall security correctly. TJX had purchased many other…

    • 344 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Tjx Companies

    • 791 Words
    • 4 Pages

    TJX Companies List and describe the security controls in place. Where are the weaknesses? TJX companies had very little security measures in place, and even the ones they had were mostly outdated. The company was using a Wired Equivalent Privacy (WEP) network encryption system. By today’s standards, and even at the time of intrusion, it is a fairly insecure system and is considered easy to hack into. Wi-Fi Protected Access (WPA), a more complex encryption system, was already available at the…

    • 791 Words
    • 4 Pages
    Good Essays
  • Good Essays

    tjx company analysi

    • 707 Words
    • 3 Pages

    TJX is the largest international apparel and home fashions off-price department store chain in the United States with 26 million in revenues in 2012. It was founded in 1956 as Zayre and is headquartered in Framingham, Massachusetts. Globally it is one of the top 50 retailers in the world, specializing in cheap apparel and footwear. With over 3,000 stores today, we see the potential to expand our store base by over 50%, up to almost 4,800 stores, with our current chains in our current markets alone…

    • 707 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Checkpoint: Tjx Companies

    • 326 Words
    • 2 Pages

    CheckPoint: TJX Companies The data theft that TJX Companies experienced was caused by using the Wired Equivalent Privacy (WEP) encryption system. The WEP had become easy for hackers to navigate and had become quite out of date. TJX also failed to properly encrypt data on many of the employee computers that were using the wireless network, and did not have an effective firewall. The company had also purchased additional security programs that were not installed correctly. An alternative to the…

    • 326 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    TJX Companies Case Study

    • 5300 Words
    • 17 Pages

    T.J.X. Companies, Inc. Final Case Study Report Nichols College T.J.X. Companies, Inc. is the leading off-price apparel and home fashions retailer in the United States and worldwide, ranking number 115 in the most recent Fortune 500 listings. They have the broadest demographic reaches in retail, all of which have enabled them to achieve successful, and profitable growth year after year, through many types of economic and retail cycles. With over…

    • 5300 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. It was founded in 1967 and today has over 3,300 stores around the world and is the largest off-price retailer in domestic market. The company provides quality, fashionable, brand name and designer merchandise at prices generally 20% to 60% below department and specialty stores. The TJX Companies are subject under economic forces (different rates, unemployment), social, cultural, demographic…

    • 408 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Summary: TJX Companies Inc. is currently in one of the most secure subsets of the retail industry. The economy is a factor always present in the minds of consumers today, and the retail establishments operated under TJX Companies all cater towards the price conscience customer. They are hitting all ages and genders in the apparel industry in addition to home good products including furniture and accessories. They have expanded to reach many markets, and are continuing their expansion across the…

    • 1729 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    TJX Analysis

    • 386 Words
    • 2 Pages

    TJX, comprised of T.J.Maxx, Home Goods, and Marshalls, experienced increased sales in the year of 2012. TJX reaches out to customers not only in the United States, but also in Canada and Europe. It has been a long term goal for TJX to increase the diversity of their customers, and fortunately, more and more young customers have been shopping with TJX this past year. TJX is a $26 billion dollar business and CEO Carol Meyrowitz hopes to reach a $40 billion dollar goal in the near future. Sales…

    • 386 Words
    • 2 Pages
    Good Essays