TJ Maxx Identity Theft Costs Reach $256 Million
TJX Companies, the parent company of TJ Maxx, told the Boston Globe that its costs for the largest data breach in corporate history have reached $256 million. The costs include fixing the company’s computer system, dealing with lawsuits and investigations, and other claims stemming from the theft.
Data thieves broke into TJX’s computer system and stole credit and debit card numbers for more than 45 million customers. Authorities say some of the numbers have been used to make fake credit cards that have been used to buy expensive electronics from Wal-Mart and other retailers.
Three months ago, the retailer estimated the damage to amount to only $25 million. Several analysts say TJX’s costs could run as high as $1 billion.
What has TJ Maxx done to correct the problem??? I shopped there on Aug 10th, 2007 and using my credit card for the first time and just 6 days later I had over $4100 in unauthorized and fraudelent charges...it would have been more except my credit limit is $3000. Now my card is maxed out and I cannot use it until I get the affidavit from my credit card company and they remove the charges. They are telling me to close my credit card since I have been a victim of identity theft!! If the breach occurred months ago, what the hell are they doing to fix the problem??? This happened to me just 4 days ago!!!