Premium Essay

Breach Tjz

In: Business and Management

Submitted By indie
Words 733
Pages 3
Problem Statement The main problem of the case is:
• How should TJX improve and strengthen its IT security? What should be its short-term and long-term goals in-order to achieve this goal of strengthening its IT security?
Inorder to solve this problem, TJX should identify and solve the following issues:
• What are the people, work processes and technology failure points that require attention?
• What practices led to the security breach in TJX and why did such a smart andprofitable organization as TJX face such a situation?
• Was TJX a victim of ingenious cyber crooks or did it create risk by cutting corners?

Financial Losses and related remedies:
1. TJX had booked a cost of $168 million for the data breach it had announced in February 2007.
2. $21 million is projected as a possible hit for 2008.
3. Three years of credit monitoring and identity theft insurance coverage for all the customers, whose identification information was compromised.
4. Offer vouchers to customers who shopped at TJX during security violation and who had incurred certain costs as a result of intrusion.
b. Describe the industry situation Customers
1. Many customers use credit and debit cards for their shopping.
2. Customers take security issues very seriously and file class actions in the court against the company in any such critical situations. Traditional Competitors
1. Department and specialty stores. Opportunities
1. Strong customer base and loyalty.
2. Availability of feasibility of IT systems helped rapid delivery of data, facilitating quick decisions at different levels.
3. CRM technologies helped retailers in increasing their revenues through focusing onmost profitable customers. Threats
1. Security intrusions could lead to heavy loss to the company.
2. Customer…...

Similar Documents

Free Essay

Breach of Peace

...officers may rely on both the common law and statutory powers to give effect to powers such as a warrantless arrest. In context of this power, the common law concept of the breach of peace deserves particular attention due to the dangers of misuse or abuse in its interpretation by the police. This paper will discuss how the common law and the Law Enforcement (Powers and Responsibilities) Act (2002) (LEPRA) give lawful effect to arrest and other various powers against offences connected to a breach of the peace. Finally, it will assess whether there is any practical desirability and utility of codifying such a power. This will be achieved by critically evaluating whether the current state of the law with respect to police discretionary powers effectively prescribes a balance between the law enforcement culture and the continuing maintenance of civil rights and liberties. In doing so, it will conclude by examining the consequences and implications of codification. Development of ‘breach of the peace’ The breach of the peace is one of the earliest offences in common law whose provenance can be found through English law in the sanctity of the home unit where ‘every man was entitled to peace in his own house.’ However it was the King’s peace that gradually enveloped the lands, and thus any breach of peace was a breach of the King’s own.Despite this understanding, there is a paucity of formal literature tracing the precise developments of the power. The limited modern conception......

Words: 3088 - Pages: 13

Premium Essay

Security Breach

...Running Head: SECURITY BREACH Security Breach faced by Sony Corporation Introduction In the global marketplace, to attract the customers and provide relevant information to the customers, internet is used by most of firms as a promotional tool. In this, web-sites, social networking sites, etc. are used by the firms to communicate with the customers. Although, many security tools and techniques are used by the firms to secure the data of firm and customers, yet, some security breaches are also faced by the firms due to technical advancement. For this paper, Sony Corp. is selected that has faced security breach. Sony Corporation is a multinational firm that operates its business in global market and belongs to Japan and produces electronic products for the customers (Sony Corp. Info, 2011). There will be discussion about products information, contact information, internet marketing strategies, privacy policy of the firm, etc. Evaluation of Website Sony Corporation provides whole relevant information on the website of the firm about its products, services, etc (Sony Corp. Info, 2011). Areas that are evaluated for the firm are as follow: Product information: Sony Corporation has developed its website effectively that attracts the customers to purchase products. The firm provides all relevant information about the products on its website. Additionally, the firm also has made a list of its products that includes various categories of......

Words: 1807 - Pages: 8

Premium Essay

Contract Breach

...Breach of Contract - A contracting party’s failure to perform an absolute duty owed under a contract. Covenant – An unconditional promise to perform Duress – A situation in which one party threatens to do a wrongful act unless the other party enters into a contract Executed Contract – A contract that has been fully performed on both sides; a completed contract. Injuction – A court order that prohibits a person from doing a certain act. One year rule – A rule which states that an executor contract that cannot be performed by its own terms within one year of its formation must be in writing. Rescind – The act of a non-breaching party to undo a contract where the other party to the contract has caused a material breach of the contract. Statutes of Fraud – A state statute that requires certain types of contracts to be in writing . Unilateral Mistake – A Mistake in which only one party is mistaken about a material fact regarding the subject matter of contract. Bad Faith – An element that must be proven in order to find a violation of the anticybersquatting Consumer Protection act (ACPA) Domain Name – A unique name that identifies an individual’s or company’s website. License – A business arrangement that occurs when the owner of intellectual property ( the licensor) contracts to permit another party ( the licensee) to use the intellectual property. Licensee- The party to whom a license is granted Abusive homestead exemption - A......

Words: 829 - Pages: 4

Premium Essay

Breach Analysis

...“Operation Get Rich or Die Tryin’ Case Study Report The impact to the organizations involved is very large and can be catastrophic if they are not quick to respond to the security breach in their network fast, in a few different ways. A company needs to be very proactive here and have a well-planned out security plan in place along with a security breach plan and response in place and the right people from within the company and outside the company to help with a proper response. The first and fastest response needs to be to the public or their customers making them aware of what happened and what is known so far, and when there will be an update to the situation with more details of the breach as to how it happened and when and where the system was breached, if the law allows it. Sometimes saying nothing can happen if the company is directed to not make a statement due to an active investigation into the crime. If they are able to make a statement it’s best for them to announce it first before the media does. It’s best for them to take ownership of the breach and let the customers know they are taking steps to fix the issue and have hired outside IT professionals to review the company’s data center security and how data is transferred throughout the company. Today you have to look at security as not “if” you will have a security issue, but “when” you will have it. You still need to do all you can to prevent an attack but you also need to be prepared for when one actually......

Words: 501 - Pages: 3

Premium Essay

Breach of Duty

...Breach of Duty Orm Jenkins Jr Grantham University In 1993, Dweck and Nasser (Chairman and controlling shareholder of Kids) and others purchased the assets of EJ Gitano. As part of the transaction, Kids was formed and designated for tax purposes as a Subchapter S Corporation so Kids' profits would be attributed pro rata to Kids stockholders (originally only Nasser). In 1994, Taxin joined Kids as Vice President of Sales and Merchandising, and Kids' sales subsequently increased by a factor of five over a four-year period. Around 1998, Dweck was issued 45% of Kids' outstanding equity. However, Dweck believed she was not being adequately compensated and so in October 2001, she formed Success Apparel LLC ("Success"), to operate as a wholesaler of children's clothing. From 2001 until 2005, Success operated out of Kids' premises using Kids' employees. Success drew on Kids' letters of credit, sold products under Kids' vendor agreements, used Kids' vendor numbers, and capitalized on Kids' relationships. Then in June 2004, Dweck founded Premium Apparel Brands LLC ("Premium"), a clothing wholesaler, which also operated out of Kids' premises, and used Kids' employees and resources. Dweck owned 100% of Premium and served as its CEO. Between 2002 and 2005, Dweck charged almost $500K in expenses to Kids and at least $172K were personal expenses, including vacations and assorted luxury goods. In......

Words: 516 - Pages: 3

Premium Essay

Preventing Breach

...EXECUTIVE SUMMERY In order to secure the future of Fortune Automotive and to avoid similar disasters in the future, our team has found two solutions which can be implemented quickly and fairly cheap. Firstly our main goal is to protect our data. Since this breach was caused by an outside computer the first step is to only allow our company controlled computers on our network. There are a few inexpensive methods which will be discussed later. Secondly, we can assume that the employee only needed to connect to our network because they needed internet access to something on their machine. So, in order to prevent employees from being tempted to connect to our main network we can make a separate wireless network for employee personal devices and customer devices. This network will not be connected to our business network, so if it ever does get infected there will not be any threat of data being stolen and clearing the infection is as simple as resetting the network. These are some easy steps to take to reduce the risk of our employee’s accidentally infecting our machines. However, these solutions do have some limitations. For example, this will do little to stop our employees from maliciously attacking our machines. Since we want to prevent accidental infections this should not be a consideration in proposal but rather only mentioned in order to help fully define our future security practices and the boundaries of each project. This combination of hardware, software and policy......

Words: 1060 - Pages: 5

Premium Essay

Contract Breach

...15 April 2014 Contract Breach Contracts are in general, an agreement between two or more people. One person puts out an offer and the other accepts that offer. If person A says he will work on person B’s house in exchange for money and both come to an agreement they have entered in to a contract. The offer must be serious and definite with serious intent. When one person breaks the agreement it is known as a breach of contract. If this happens the innocent party can seek remedies or relief from the person who breached the contract. Many different remedies are available for the innocent party but the contract should be reviewed for any limitations or contractual remedies. The most common remedies available are broken down between two categories, remedies at law and remedies in equity. Remedies at law are normally remedies’ that have to do with monetary damages. These damages are designed to compensate the non-breaching party for his or her loss of the bargain. This is where out of pocket expenses and lawyer fees would be considered as they would be incidental damages. Incidental damages would be the expenses caused directly because breach of contract. Punitive damages also fall into remedies at law but are usually only used when there is an offense like fraud involved. The purposes of punitive damages are to punish the defendant for offensive misconduct and to deter the defendant and others from similar misbehavior in the future. Nominal......

Words: 437 - Pages: 2

Premium Essay

Security Breach

...Security Breach Madeleisy Molerio HCS/533 December 1, 2014 KYM PFRANK Security Breach  Patient medical records privacy and security is the most essential parts of the St. Johns Hospital program of behavior, the hospital take satisfaction in the complete policies and actions that are set to preserve patient privacy. Each worker is apprehended to an extreme standard of upholding the maximum level of confidentiality and privacy when is refer to patient health data. This document will make a summary of the strategy that St. John’s hospital has produced in a circumstance of a security breach or security risk in the service. The administration in the St. John’s Hospital have lately been informed that employees has perceived some of the cleaning person are browsing correspondence that was dropped in the Data Systems (DS) department, this has occurred on many occasions. The cleaning personnel is given by an outside company and are not hire directly by workers of St. John’s Hospital, which creates the security breach a little more dangerous. Workers have been trained to challenge the cleaning personnel if they eyewitness something similar like this, however a lot of the employee would prefer to have an affiliate of supervision to challenge the personnel. The employee in the DS department have been educated on what moves to proceeds when are conducting PHD and private data, nevertheless it appears that some of the employees are acting negligent when succeeding the......

Words: 1647 - Pages: 7

Premium Essay

Breach Hippa

...HIPAA- How To Avoid Data Breach? How do data breaches occur? • we suspect our information system has been • targeted and patient information exposed. After one a laptop and other portable device is lost or stolen. • We did a rapid assessment to mitigation of damage and is and define scope of the incident we discovered following facts: – – – – data are not encrypted laptop are not protected by password Information of patients are exposed. No log file exist What are consequences of these breaches ? A data security breach can have devastating consequences for healthcare organizations as well as patients or clients What are our strategies to prevent theses breaches • We must be in compliance with the final HIPAA Omnibus Rule through following : – Administrative safeguards – Physical safeguards – Technical safeguards What is HIPAA? • HIPAA: Health Insurance Portability and Accountability Act • It was passed by Congress in 1996 • broadly applicable to the health care industry • intended to address security for both electronic and physical patient records • standardizing electronic exchange of administrative & financial data in health care system • It includes requirements for: • Transfer and continuation of health insurance coverage • Reducing healthcare fraud and waste – The protection and confidential handling of protected health information (PHI) What is a breach? – A breach is an impermissible use or disclosure that compromises the security or privacy of PHI and......

Words: 3265 - Pages: 14

Premium Essay

Security Breach

...Cyber Attacks and Security: The Problem and The Solution Shamika A. Woumnm BIS/221 February 16, 2015 Gregorio Chavarria Cyber Attacks and Security: The Problem and The Solution In December of 2013, Target reported that up to 70 million customers worldwide were affected by a major security breach. It was reported that thieves stole massive amounts of credit and debit card information during the holiday season which also swept up names, addresses and phone numbers of their customers, information that could put victims at greater risk for identity theft. The Problem The Target breach is ranked as one of the worst ever. During the peak of the holiday season that year Target said that up to 40 million customers’ credit/debit card information had been stolen from people who shopped in their stores from November 27 to December 15. That following Friday that’s when another 70 million customers were affected, some of who, might have had their personal information compromised as well. Cyber criminals gained access to the computers entity and steered the information to a server in Eastern Europe to eventually sell on the black market card. According to the press, there when the two automatic intrutions alerts and installations of malware took place within the software and computer systems they were neither detected nor identified by the company. When there are security breach’s within a company it has a major effect on the company’s......

Words: 558 - Pages: 3

Premium Essay

Data Breach

...employers in all 50 states, with products and services targeted specifically to small, mid-sized and large multi-site national employers”. (Kirk, 2009) Aetna is one of the leading health care companies. The last thing a big company with millions of members need is a data breach case. But unfortunately “On May 28, 2009, Aetna Insurance contacted 65,000 users to let them know that their personal data may have been compromised”. (Kirk, 2009) After tons of emails sent out the customers asking for their personal email, Aetna was finally alerted that something was going wrong. This would be a 2nd data lost incident, after an employee laptop was stolen back in 2006. According to About.com Business Security, “Although the data theft took place between June 2004 and October 2007, On May 1, 2009, LexisNexis disclosed a data breach to 32,000 customers”. (Kirk, 2009) As many scammers seem to do the thefts set up fake post office boxes, causing an investigation for the USPS. Scammers are usually smart and seem to find a great way to get around the system and began to hack, as far as Aetna case the scammers retrieved the customer’s emails from the website. Could the breach been prevented? After a hack or scam has been done, everyone wants to point a finger at two of the people or person to blame, but in cases like this who can you really blame? Well According to The federal information Security Management Act (FISMA);......

Words: 623 - Pages: 3

Premium Essay

Ipad's Security Breach

...header: IPAD’S SECURITY BREACH iPad’s Security Breach The Business Enterprise- BUS 508 May 28, 2011                 IPAD’S SECURITY BREACH Abstract Across the globe AT&T is known as the world’s leading integrated companies-applying innovative technologies to discover, develop and complete construction of the first transcontinental broadband-communications network. This paper will investigate and discuss some of the major issues involving Apple’s security breach. First determine if hacking into a website is ever justifiable, applying your theory to a real-world case in which someone hacked into a system, including the name of the company and details. We will create a corporate ethics statement for a computer security firm that would allow or even encourage activities like hacking. Secondly discuss if it is important for organizations like Gawker Media to be socially responsible; determine what factors CEOs should consider when responding to a security breach. Lastly, create an email script to be sent to AT&T customers informing them of the security breach and a plan to resolve the issue       IPAD’S SECURITY BREACH Determine if hacking into a website is ever justifiable, applying your theory to a real-world case in which someone hacked into a system, including the name of the company and details. According to Bosker (2010), recently, private information of iPad owners have been exposed through a security breach that has brought major......

Words: 1991 - Pages: 8

Premium Essay

Security Breach

...Network Security Darren Jackson NTC/411 April 18, 2013 Dennis Williams Network Security White Lodging Security Breach In February 2015, KrebsOnSecurity reported that for the second time in a year, multiple financial institutions were complaining of fraud on customer credit and debit cards that were all recently used at a string of hotel properties run by hotel franchise firm White Lodging Services Corporation. The company said at the time that it had no evidence of a new breach, but last week White Lodging finally acknowledged a “suspected” breach of point-of-sale systems at 10 locations. Banking sources back in February 2015 stated that the cards compromised in this most recent incident looked like they were stolen from many of the same White Lodging locations implicated in the 2014 breach, including hotels across the country. Those sources said the compromises appear once again to be tied to hacked cash registers at food and beverage establishments within the White Lodging run hotels. The sources said the fraudulent card charges that stemmed from the breach ranged from mid-September 2014 to January 2015. White Lodging president and CEO, Hospitality Management, Dave Sibley stated in a press release issued April 8, 2015 that “after suffering a malware incident in 2014, we took various actions to prevent a recurrence, including engaging a third party security firm to provide security technology and managed services. These security measures were unable to stop the......

Words: 933 - Pages: 4

Free Essay

Data Breach

...affected. When a breach happens, it could affect consumers, companies, and employees as well as individuals using online services at home. There are several types of breaches and it is very important to protect people from all of them. Internal attacks are the most frequent and easiest attacks because people already have access to the data. As a company, it is important to make sure that passwords used within the facility are updated frequently. Upon terminating an employee, a company should terminate all of the ex-employee’s access to existing networks. Another way a company experiences data breaches is by allowing unsecured mobile devices to access their network. Public access to a company’s networks raises a lot of risks. When devices access the network, it weakens the security of the network including passwords and secured accounts. The same thing applies to people in their homes. Home networks allow you to secure a connection by using a password. However, when outside parties are allowed access to the network, it becomes more vulnerable. It is important to filter the information that you send over a network. When making online orders or purchases at home, it is probably best to use a prepaid debit card versus one linked to an actual bank account. Also, online conversations raise vulnerabilities. When engaging a person met via an online service, it is best to be as discreet as possible. When “data breaches” occur, it is important to fully address what kind of breach......

Words: 683 - Pages: 3

Free Essay

Breach of Contract

...Business Law Breach of Contract A. The offeror in this dispute is Oakley, and the offeree is world famous golfer Rory McIlroy. Oakley fits the offeror position by offering Rory McIlroy money for them to sponsor him in return advertising their brand of merchandise. Rory McIlroy fits the position of offeree by being the person that accepted the contract and agreed to advertise Oakleys goods. The provisions of that contract include a "right of first refusal" issued to Oakley. This inclusion would allow Oakley the chance to approach McIlroy to present a competing offer against any other sponsorship or marketing deal offered by another company. B. It was never stated in the article for sure but one can assume with a brand like Oakley there was a substantial amount of money paid to the golfer and that there were free gifts that were given to him for the purpose of advertisement. C. Within the suit, Oakley claims that Nike has negotiated a new deal with the golfer. Oakley claims to have submitted an offer to match the terms of that deal, but that offer was not addressed by the star or his agent. In this way, Oakley claims that it was denied the right of first refusal as outlined in the contract. D. Oakley is claiming that McIlroy's refusal to renew his existing contract has caused the company irreparable damage, including the loss of $300,000 for a photo shoot of the star and products he was meant to promote in 2013. The company is asking for an injunction that...

Words: 372 - Pages: 2