It205 Week 5 Checkpoint

Topics: Wired Equivalent Privacy, Credit card, Wi-Fi Protected Access Pages: 2 (272 words) Published: February 17, 2012
CheckPoint: TXJ Companies

TJX was still using the old Wired Equivalent Privacy (WEP) encryption system, which was not hard for the hackers to figure out. One weakness was poorly secured computer kiosks located in many of TJX’s retail stores, which let people apply for jobs electronically. These same kiosks also provided access to the company’s internal corporate network.

TJX could have switched to the more secure Wi-Fi Protected Access (WPA) standard with more complex encryption. TJX had also failed to install firewalls and data encryption on a lot of their computers by using the wireless network, system passwords and should have had good up- to- date antivirus software

The banks have been affected the most by the stolen data more so than the retailers, the credit card companies or TJX, and may have to pay up to $300 million to recover stolen credit cards in addition to covering fraudulent purchases. TJX is being sued for not protecting their customers’ information and estimates losses at $1 billion over 5 years. The customers have lost trust in TJX and those polled said they would never again shop at the effected retail stores.

I would say information rights and obligations, because TJX relied on their customers to keep patronizing their many retail chains, TJX had a moral obligation to their customers to keep their customers credit card, social security numbers, and all other information safe and secure from fraud and theft.

I hope this helps i tried to keep it simple but it meets the criteria. I got a perdect grade on it so should you.

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