Just because you think your data is safe does not mean your database of sensitive organization information has not already been cloned and is resident elsewhere ready to be sold to the highest bidder. To make matters worse, only recently, it has been discovered that hackers are not simply selling your; they’re also selling the fact that you have vulnerabilities to others be they hackers, industrial spies or terrorists.
It all sounds apocalyptic, doesn’t it? Well, rather than being an angel of doom, I’ll let the stats speak for themselves.
TJX Companies Inc.,
TJX Companies, owners of T.J. Maxx, Marshalls, Winners, HomeGoods, A.J. Wright, and Bob’s stores, on the 17th January this year, disclosed that 40 million of their customers’ credit and debit card details were stolen. In parallel, federal credit union SEFCU published a similar warning that the personal details of 10,000 of its customers were compromised in the hack attack.
Another 60 banks including Citizen Union Savings Bank and Bank of America seem to have customers whose credit and debit cards have been breached in this attack.
Ben Cammarata, Chairman and Acting Chief Executive Officer of TJX Companies, stated that the nature of the hack is not known and two computer security experts are at hand examining the problem. The warning issued by SEFCU sheds greater light and states “A fraudster may have gained access to … card information through one of those entities in the payment network, including the merchant.”
