The TJX Damage Info Continues To Trickle Out

The Massachusetts Bankers Association has now confirmed TJX-related fraudulent credit/debit card purchases in Florida, Georgia and Lousisiana plus in Hong Kong and Sweden. "Thus far, nearly 60 banks have reported into the MBA that they have been contacted by the card companies about compromised cards, and these banks are notifying customers and in many cases reissuing new cards," the association said.

The ABA has been lobbying for rules that would require the disclosure of a retailer's name when they "caused a data breach," as a way of both discouraging retailers from being cavalier about security as well as protecting their member banks from being blamed for something they didn't do. They also are trying to force retailers to pay for the damage if its' caused by that retailer's reckless security procedures.

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