By Jenn Abelson, Globe staff
June 5, 2007
ATLANTA -- At her first shareholder meeting as chief executive of TJX
Cos., Carol Meyerowitz apologized for the Framingham merchant's recent
security breach that involved the theft of at least 45.7 million credit
and debit card numbers and said she wished the incident -- the biggest
loss of personal data reported -- never happened.
Meyerowitz, who took over the helm of the company in January, said
increasingly sophisticated cyber criminals are a global and complex
problem for government agencies, hospitals, universities, and retailers
who have all suffered attacks in recent years. Despite having security
measures in place, TJX said hackers still managed to get into its
"But we had locks," Meyerowitz said.
It was one of the first times TJX held its annual shareholder meeting
outside of its hometown Framingham. Only a handful of shareholders
attended yesterday's meeting and none asked about the security breach.
The company refused questions from the media.
A company spokeswoman said the shareholder meeting coincided with a
yearly off-site trip by the board of directors. This year Atlanta was
selected because it is one of TJX's largest markets and the company
operates a distribution center in a nearby town.
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