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TJX Settles with Federal Trade Commission Over Data Breach

By Brian Orsak

TJX Cos. agreed Thursday to make broad security improvements as part of a settlement with the Federal Trade Commission, one year after hackers stole the credit and debit card numbers of millions of customers in the largest known data breach for a U.S. retailer. Framingham, Mass.-based TJX, which owns Marshalls and T.J. Maxx department stores, also agreed to undergo third-party audits by security professionals biannually for 20 years, under terms of the settlement. TJX said in March that hackers had accessed as many as 45.7 million credit and debit card records in its databases over the course of several months...

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