AOH :: ISNQ4126.HTM

TJX chief apologizes for data breach




TJX chief apologizes for data breach
TJX chief apologizes for data breach



http://www.boston.com/business/ticker/2007/06/tjx_chief_apolo.html 

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 
systems.

"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.


_____________________________________________________
Attend Black Hat USA, July 28-August 2 in Las Vegas, 
the world's premier technical event for ICT security 
experts. Featuring 30 hands-on training courses and 
90 Briefings presentations with lots of new content 
and new tools. Network with 4,000 delegates from 
70 nations.   Visit product displays by 30 top
sponsors in a relaxed setting. Rates increase on 
June 1 so register today. http://www.blackhat.com 

Site design & layout copyright © 1986-2014 CodeGods