of 2007 the parent company of TJMaxx and Marshalls known as TJX reported an IT security breach. The intrusion involved the portion of its network that handles credit card‚ debit card‚ check‚ and merchandise return functions. Facts slowly began to emerge that roughly 94 million customers’ credit card numbers were stolen from TJMaxx and Marshalls throughout 2006. It was believed that hackers sat in the parking lots and infiltrated TJX using their wireless network. Most retailers use wireless
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Case Name: Security at TJX Problem Statement How should the new CIO of TJX work to strengthen security around the IT infrastructure to prevent‚ detect‚ and analyze security breaches that had previously allowed hackers to steal sensitive data? Background 1 Describe the company/department 1 History 1 Founded in 1976 2 Operate 8 business under TJX 1 TJ Maxx 2 Marshalls 3 HomeGoods 4 A.J Wright 5 Bob’s Stores 6 Winners 7 Home Sense 8 TK Maxx
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HBR Case Study Security Breach at TJX 1. What are the (a) people‚ (b) work process and (c) technology failure points in TJX’s security that require attention? While it is known that all retailers‚ large and small‚ are vulnerable to attacks‚ several factors including people‚ work process‚ and technology require attention so as to prevent another major attack from hitting TJX. The people associated with the attack who need attention are the top-level executives and‚ more importantly‚ the Payment
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Information Security Management Assignment 3 Assignment 3 requires you to critically review the assigned case study and write a report to address the following questions. Question 1. Kindly provide a review of the case. Question 2. What do you consider to be the points of failure in TJX’s information security? Identify and explain at least three failure points. Question 3. How should information security at TJX be improved? Identify and explain at least three priorities. Question 4. Was TJX a victim
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the failure points in TJX’s security that requires attention (including‚ but not limited to: People‚ Work Process‚ and Technology)? After analyzing the Ivey case on TJX data fiasco‚ I would say there were three major failure points that caused this $168MM financial hit to the corporation. • Technology: it is obvious that TJX had several technology deficiencies mainly driven by systems limitations and vulnerability. For example‚ inadequate wireless network security allowed the hackers to attack
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CASE STUDY TJX Security Breach The TJX Corporation‚ a major retailer with stores in the United States‚ Puerto Rico‚ and even the United Kingdom‚ experienced one of the largest security breaches. Millions of their customer’s credit and debit card information were stolen over a seventeen-month period. The TJX Corporation announced to the public on February 21‚ 2007 an unauthorized user had accessed their security system and the sensitive information stored in their system had been compromised
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TJX corporate systems had poor security controls. The computer kiosks that were located in some of their stores were supposed to be secure. They also had some firewall protection. TJX wireless network was protected by WEP encryption system. The computer kiosks were poorly secured; the kiosks were accessible from the back which made them vulnerable to tampering. The computer firewalls set up did not block malicious traffic coming from the kiosks. The wireless network used an old encryption
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contributors to the increase in security breaches for companies and organizations. Pressure is put on businesses and credit card companies to minimize the security issues. The credit card companies push the liability of loss onto the business who allow the breach; thus doubling the individual company’s expenses for security and having to reimburse the consumer’s losses. The uncertainty raises consumer questions on who to trust with credit card purchases. The TJX Cos. Inc. security breach was the largest
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TJX‚ comprised of T.J.Maxx‚ Home Goods‚ and Marshalls‚ experienced increased sales in the year of 2012. TJX reaches out to customers not only in the United States‚ but also in Canada and Europe. It has been a long term goal for TJX to increase the diversity of their customers‚ and fortunately‚ more and more young customers have been shopping with TJX this past year. TJX is a $26 billion dollar business and CEO Carol Meyrowitz hopes to reach a $40 billion dollar goal in the near future. Sales
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TJX Companies Jim Blackwood IT/205 January-9th‚ 2013 Gelonda Martin TJX Companies The TJC Corporation failed to protect its customers by allowing one of the largest security breaches in history. In 2007 they announced that an unauthorized user had accessed their system and compromised over 40 million customers’ data such as credit cards‚ debit cards and personal pin numbers. TJX was using an older security protocol called WEP which had proven to be easy to access by hackers and had
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