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Data Breach At Owner Of T.J. Maxx, Marshall’s Raises Questions

Written by Evan Schuman
January 18th, 2007

Posted in IT Strategy/Industry, Payment Systems, Security/Fraud
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One Comment | Read Data Breach At Owner Of T.J. Maxx, Marshall’s Raises Questions

  1. Bruce Cundiff Says:
    January 19th, 2007 at 8:26 am

    Detailed research that Javelin has done on both identity fraud and also the results of data breaches indicate that (at least for now) the probability of becoming an identity fraud victim as a result of a data breach is relatively minimal.

    As of August of 2006, 0.8% of data breach victims became actual identity fraud victims (their account or other personal information was used for financial crimes). It is important to publicize data breaches and take proactive measures to avoid them (no one’s debating that point!!), but when one sees a “40 million cards compromised” number in the news release, the assumption is that we’re dealing with 40 million identity fraud victims, which just isn’t the case.

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