TJX offers settlement after theft of 45million credit card details

Retailer TJX is offering three years of credit-monitoring services along with identity theft insurance coverage to all consumers whose driver's license or other personal data may have been compromised by the massive data breach disclosed earlier this year.

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Retailer TJX is offering three years of credit-monitoring services along with identity theft insurance coverage to all consumers whose driver's license or other personal data may have been compromised by the massive data breach disclosed earlier this year.

The company,which had data from 45 million cards stolen, is currently telling customers that no UK or Irish card details or pin numbers had been compromised at TK Maxx, its UK subsidiary.

However, in March TJX filed documents with the US Securities and Exchange Commission that admitted that computer systems in Watford that process payment card transactions at TK Maxx’s 210 stores in the UK and Ireland had been attacked.

The filing also revealed that the company believed information was stolen from “from a portion of our computer systems in Watford” that process and stores information related to payment card transactions at TK Maxx stores in the United Kingdom.

TJX's latest settlement offer will see consumers in the US, Canada and Puerto Rico, who had to replace their driver's licenses because of the compromise reimbursed for the actual replacement costs.

In addition, individuals whose driver's license or other ID numbers were the same as their Social Security numbers will be reimbursed for "certain losses from identity theft," the company said.

Customers who had to change bank and credit card information because of the breach will receive vouchers redeemable in TJX stores in the US, Canada and Puerto Rico.

As part of its settlement action, sometime next year TJX will hold a one-time, three-day customer appreciation event at which it will offer a 15 percent discount on all goods.

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