TJX settles for $525K with four banks over breach

[security curmudgeon <jericho () attrition org>]

http://www.scmagazineus.com/TJX-settles-for-525K-with-four-banks-over-breach/article/148095/

TJX settles for $525K with four banks over breach
Dan Kaplan
September 03, 2009

TJX announced Wednesday that it has settled with the four remaining banks 
pursuing a class-action lawsuit against the discount retailer over a major 
breach disclosed more than 2 1/2 years ago.

As part of the settlement with AmeriFirst Bank, Trustco Bank, HarborOne 
Credit Union and SELCO Community Credit Union, the Framingham, Mass.-based 
retailer paid $525,000, according to a TJX statement. The money primarily 
will be used to cover the banks' expenses in pursuing the legal action.

Additionally, the four financial institutions agreed to drop all claims 
against TJX over the breach, which exposed as many as 94 million credit 
and debit card numbers.

[..]
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