I was reading the security news at Information Security Magazine online portal and I came across a great example of what can happen if you aren’t ready for a security breach. TJX is in court for a security breach where information was lost on more than 94 million credit card accounts.  Banks are suing TJX to try to recoup some of the costs of reissuing all of those credit cards to customers.  It seems that TJX didn’t update their Wifi connection to the newest WPA security and keeping customer information for too long.  It was also reported that TJX took almost 2 months to respond to the incident and get security professionals to check out the breach.  This shows a lack of pre-planning on the part of TJX. 

One of the main things I have learned in this area i that having a plan of response is critical in an incident such as a breach.  TJX also did not seem to take security as a priority as well.  They are obviously paying for the company not keeping up with security measures.  The offer that TJX is extending to VISA is 40.9 million.  This doesn’t account as of yet for the MASTERCARD members who were affected as well.