Ladies And Gentlemen, We May Have A New Winner For Most Credit Card Data Leaked
from the congrats-all-around dept
There was some talk yesterday about how TJX, the parent company for discount clothing stores T.J. Maxx, Marshalls and some others had lost some credit card data after their systems were hacked. Today, additional information is starting to come out suggesting that this may take the lead as the largest single set of compromised credit card data, reaching even beyond the 40 million or so records lost by CardSystems a few years back. Since those responsible for that data loss only got a slap on the wrist, perhaps it’s not surprising that others haven’t done much to beef up credit card security. In fact, another article on this story claims that, despite strict guidelines from Visa and Mastercard for how this type of data needs to be handled only 31% actually comply with the guidelines — and apparently TJX is among those who don’t comply (big surprise there). Since it’s apparent that not much has happened in the past few years to better protect our data, expect plenty of fretting over what this means and how to do a better job… until enough people forget about it, and we’re all set up for a year or two down the road when we’ll have a new winner in the largest single data leak ever.