That Sucking Sound? Your Credit Card Data

Good piece by my WSJ colleage Joe Pereira on the TJX debacle, the biggest known theft of credit-card numbers. It all came down to lax Wi-Fi security on the part of the retail chain’s stores. A good read:

clipped from online.wsj.com

The $17.4-billion retailer’s wireless network had less security than many people have on their home networks, and for 18 months the company — which also owns T.J. Maxx, Home Goods and A.J. Wright — had no idea what was going on. The hackers, who have not been found, downloaded at least 45.7 million credit- and debit-card numbers from about a year’s worth of records, the company says. A person familiar with the firm’s internal investigation says they may have grabbed as many as 200 million card numbers all told from four years’ records.

Disclaimer

All opinions are my own, and not necessarily those of Thomson Reuters.

Reference

Categories

RSS loose wire blog