Massachusetts Adds Bankrupt Idea to Fight Against Identity Theft
Following the massive identity theft from TJX, the parent company of TJ Maxx and other retailers, the State of Massachusetts is considering laws that target such cases. Information from almost 50 million credit cards was stolen form TJX between 2001 and 2006. TJX, only recently discovered the thefts, and claims most of the cards are expired.
Massachusetts now proposes a bankrupt idea to fight identity theft of this kind. The new law would require companies to notify customers in a more timely manner and allow customers to place a security freeze on their credit reports. This suggested law, again, places all of the responsibility for protecting oneself from identity theft on the consumer. Where’s the crackdown on these multi-million dollar corporations for their shoddy security?