TJX reaches settlement with NM, other states - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

TJX reaches settlement with NM, other states

SANTA FE, N.M. (AP) _ New Mexico is among the states involved in a settlement with discount retailer TJX over a massive data theft that occurred a few years ago at the parent company of retailers T.J. Maxx and Marshall's. Attorney General Gary King says New Mexicans may have been exposed to identity theft and other problems as a result of the security breach. The Framingham, Mass.-based company will pay $2.5 million to create a data security fund for states and $5.5 million to cover expenses related to their investigations. The breach disclosed in January 2007 exposed tens of millions of payment card numbers to hackers. TJX also is required to implement a program designed to guard against future intrusions or unauthorized disclosures.

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