Introduction
On January 2007 a press release was issued according to CPA journal article “Analyzing the TJ Maxx Data Security Fiasco” that TJX Companies, Inc. the parent company to retail stores like TJ Maxx, Marshalls, HomeGoods, and A.J Wright stores; computer systems had been breached and that customers’ information had been stolen. (Berg, G. 2008, August) This data breach became the largest one of it’s kind because during the investigation there was reported that approximately 94 million Visa and MasterCard accounts had been compromised (Berg, G. 2008, August).
Analysis
Three different areas of vulnerabilities was identify as the result of this data breach. The hackers where able to take advantage of these vulnerabilities and use them gain the customers of TJX Companies, Inc. retail stores valuable and trusted private information that was in trust to them.
1st Vulnerabilities
The first area that the hackers attacked was inadequate wireless network security; this is how the hacker gains access into the TJX Companies, Inc. system. From the investigation it was found that a retail store was using wire equivalent privacy (WEP) protocol. WEP is a weak security protocol that can be easily cracked. The current industry stand requires the use of WPA (Wi-Fi Protected Access) protocol or higher to protect you wireless network (Berg, G. 2008, August). Hackers used this first vulnerability to gain access into the TJX Companies, Inc. system and were able to move on from the
Using proxy software Burp Suite it was discovered that the shopping site contained a hidden form field that could be manipulated.
During the last Christmas season, Target announced that their data security was breached. According to David Lazarus in Los Angeles Times, Target stated that roughly 110 million customers’ information was illegally taken from their database. The information included their credit/debit card info, phone numbers, and email addresses. Target is one of the most popular grocery stores in the U.S.; they have a substantial amount of consumers. Because of this incident, consumers' trusts for the store have been decreasing. Worrying about losing its customers, the company offered a free year of credit monitoring and identity-theft protection, so the customers will feel more secure. Not only Target, some other large retailers also faced the same issues. They want their customers to trust that the companies can protect private data. However, should we not worry? Data breaches have been going on for about a decade, but we have not seriously thought about the issue. In order to protect people’s privacy, the federal government should make new laws concerning companies’ handling of customer information.
A root-cause analysis of the security breach revealed multi-factorial issues at the technical, individual, group, and organizational levels. At the technical level, the applications and web-tools
The purpose of this meeting is to inform you of a security breach that occurred in our company, and to inform you of what has been affected, how we found out, and what measures have been used to correct and prevent this from happening again. The following is a bulleted list of relevant information related to the security breach.
What do Premara Blue Cross, Anthem, Chick-fil-A, Sony, USPS, MCX, Staples, Kmart, Dairy Queen, SuperValue, Jimmie John's, Viator, Home Depot, PF Chang's, Community Health Systems, and JP Morgan all have in common? Each of these companies were hacked during 2014-2015. Sadly, this is just a short list showing the breadth of industries and size of operations that are vulnerable. According to Time Magazine in March, 2015, "You're not just imagining it: Lately, a new data breach has been reported almost every week."
During the dates of November 27 through December 2013, the department store Target experienced a data breach in which approximately 40 million customers credit and debit cards were exposed. During this breach, customer’s personal information may have also been exposed for use of possible fraud. January 2014, Target
On December 18, 2013, one of the security bloggers, Brian Krebs, posted in his blog that Target, one of the biggest US retailers, had suffered a massive data breach. The next day, Target announced that data from more than 40 million credit and debit card accounts had been stolen from its systems, and noting that they started a thorough investigation. Perhaps learning from Target’s mistakes, other organizations could achieve a goal of better protecting themselves and their customers’ information.
Aside from the Playstation Outage, there had been larger and more nefarious data breaches in history that exploited weaknesses in internet, server, and network security. One such breach is when Heartland Payment Systems had, what was called, the most massive credit card security breach in history, with hackers embedding deep into Heartland security and recording card data. According to Bloomberg Business, it was estimated that “as many as 100 million cards issued by more than 650 financial services companies may have been compromised”. The attack cost Heartland $12.6 million, which was orchestrated by a man named Albert Gonzalez, who was also the cause for several other data breaches, each costing from thousands to millions of dollars. Another such attack was when Russian, and a Ukrainian, computer hackers assaulted NASDAQ stock exchange servers and stealing “more than 160 million credit and debit card numbers, target more than 800,000 bank accounts” (NY Daily News). Separate hacking operation spanned over seven years, attacking NASDAQ, but also affected “chains like 7-Eleven”. All the operations, in the period of time and the global scale it spanned, resulted “in at least $300 million in losses to companies and individuals”. One of the latest, and possibly the largest, data breaches of 2015, Anthem, the second largest health insurer in the US was hacked, compromising millions of account and personal data, as well as social security. When Anthem discovered that they had been
Jarvis, K., & Milletary, J. (2014, January 24). Inside a targeted point-of-sale data breach. Retrieved from http://krebsonsecurity.com/wp-content/uploads/2014/01/Inside-a-Targeted-Point-of-Sale-Data-Breach.pdf
The Target data breach remains one of the most notable breaches in history, it was the first time a CEO of a major corporation was fired due to a security event. The breach received an enormous amount of attention, it caused corporations and individuals to change the way they think about information security and data protection. Between Thanksgiving and Christmas 2013 hackers gained access to 40 million customer credit cards and personal data of 70 million Target customers. The intruders slipped in by using stolen credentials and from there gained access to vulnerable servers on Targets network to launch their attack and steal sensitive customer data from the POS cash registers. All this occurred without a response from Targets security operations center, even though security systems notified them of suspicious activity. The data was then sold on the black market for an estimated $53 million dollars. However, the cost to Target, creditors, and banks exceeded half of a billion dollars. This report will review how the infiltration occurred, what allowed the breach to occur including Targets response, and finally who was impacted by the security event.
In December 2013, Target was attacked by a cyber-attack due to a data breach. Target is a widely known retailer that has millions of consumers flocking every day to the retailer to partake in the stores wonders. The Target Data Breach is now known as the largest data breach/attack surpassing the TJX data breach in 2007. “The second-biggest attack struck TJX Companies, the parent company of TJMaxx and Marshall’s, which said in 2007 that about 45 million credit cards and debit cards had been compromised.” (Timberg, Yang, & Tsukayama, 2013) The data breach occurred to Target was a strong swift kick to the guts to not only the retailer/corporation, but to employees and consumers. The December 2013 data breach, exposed Target in a way that many
While all of these technologies have enabled exciting changes and opportunities for businesses, they have also created a unique set of challenges for business managers. Chief among all concerns about technology is the issue of information security. It seems to be almost a weekly occurrence to see a news article about yet another breach of security and loss of sensitive data. Many people will remember high profile data breaches from companies such as T.J Maxx, Boston Market, Sports Authority, and OfficeMax. In the case of T.J. Maxx, a data breach resulted in the loss of more than 45 million credit and debit card numbers. In many of these incidents, the root cause is a lack of adequate security practices within the company. The same technologies that enable managers can also be used against them. Because of this, businesses must take appropriate steps to ensure their data remains secure and their communications remain
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 specific stores just by using a laptop and an antenna which permitted the thieves access to the central database. As it was mentioned in the business case, TJX was using (WEP) as the security protocol and it is
business issue and not just a technology issue. As seen by the attack, an IT security
In January 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.